THCOM Jointly Invests with CAT to Operate the Satellite Related Business

Thaicom Public Company Limited (THCOM) announced that the company has entered into joint-venture agreement with CAT Telecom Public Company Limited (CAT) to set up a new joint venture named Nation Space and Technology Company Limited in order to operate the satellite related business, i.e., Low Earth Orbit (LEO) satellite.

 

Registered capital of the joint venture is Baht 10,000,000 divided into 1,000,000 ordinary shares, with the par value of 10 each. THCOM will hold 75%, while CAT holds another 25%

 

As nowadays people’s lifestyle has drastically changed with considerably increase of online transactions. The development of technology services via LEO satellites will support such consumer behavior, reduce limitations and solve problems of service areas. The THCOM’s expertise and experience in satellite industry, together with CAT’s extensive know-how in providing digital solutions will leverage advanced solutions and satellite services for various applications and digital industry.