The Nation, 11 Feb 2009
Temasek Holdings has opposed Thaicom's plan to launch a new satellite to replace Thaicom 1, which will expire in July.
A source at Shin Corp said Temasek is of the view that the launch would require a huge investment in this time of economic downturn. The cost of building a conventional satellite is estimated at US$150 million (Bt5.2 billion).
Cedar Holdings and Aspen Holdings, which are controlled by the Singapore's state investment arm, Temasek, own a combined over 96 per cent of Shin Corp, which in turns owns 41.27 per cent in Thaicom.
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