Thaicom’s plans to invest $160m in a new satellite, Thaicom 6, have been approved by its board and by the Ministry of Information and Communication Technology.
Thaicom 6 will provide satellite services for distributing video (broadcasting) such as satellite television
The company will start the project immediately and is expected to launch Thaicom 6 into orbit within the second quarter of 2013. It will be co-located with Thaicom 5.
Arak Chonlatanon, CEO of Thaicom, said: “The company is confident that Thaicom 6 will help expand the satellite TV industry in the region and especially in South East Asia and South Asia, which are showing very strong and rapid growth. The company will begin marketing the services as soon as possible during the construction of the satellite.”
Thaicom has launched five communication satellites for Thailand. At present, Thaicom 4 and 5 are providing services in orbit, while Thaicom 1, 2, and 3 satellites have already been retired.