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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Market

Thai government to ask Thaicom to launch new back-up satellite

Posted on 01 March 2011

From Totaltele.com: The ministry will ask Thaicom to return a $6.7 million compensation claim for physical damage to Thaicom 3 as well as require that its parent Shin Corp PCL return to 51% ownership as indicated in its original concession contract. Shin Corp is now 96.1%-owned by units of Singapore’s state-owned investment company Temasek Holdings Pte.
Thaicom’s iPSTAR broadband satellite is a different type of satellite and therefore can not be counted a back-up as claimed by the company, Permanent Secretary Jirawan Boonperm told reporters……………………………………….Full Article: Source


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