THAILAND’S STATE-OWNED TV BROADCASTER TO STUDY PRIVATISATION PROCESS
December 23rd 2007 02:42
MCOT Plc, Thailand’s state-owned broadcaster, has resolved to set up a sub-committee to study the privatisation process of the company in detail, reports the Thai News Agency.
Chairman Charnchai Suntharamut said given available information, he was confident that the privatisation process of MCOT was justifiable and had been vindicated under the existing laws.
MCOT is 66 percent owned by the Finance Ministry and was listed on the Stock Exchange of Thailand in 2004.
The MCOT Public Company Ltd operates television and radio stations in Thailand, through self-operated and joint operations with other operators. The company operates channel 9 television station, which is broadcast which transmits from the main station in Bangkok to 35 regional network stations.
The company also produces news under the name, Thai News Agency, and through joint ventures has the right to operate a pay television networks based on digital satellite technology.
- From MediaBlab
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