Thaicom, CAT go into joint venture to strengthen nation’s telecommunications structure
Satellite operator Thaicom Plc and state telecom agency CAT Telecom Plc on Friday (June 26) announced they have gone into a joint venture to help strengthen the country’s telecommunications infrastructure as well as boost the growth of the digital economy and satellite industries.
The new partnership has resulted in a joint venture firm called “Nation Space and Technology Co Ltd”, with a registered capital of Bt10 million. Thaicom will hold a 75 per cent stake, and CAT the rest.
Thaicom’s chief executive officer Anant Kaewruamvongs said the joint venture will enhance a strategic partnership between the two companies. Thaicom’s long experience and expertise in the satellite industry, with CAT’s extensive know-how in providing digital solutions will help them leverage advanced solutions and services for various applications and industries.
“We believe this strategic alliance between Thaicom and CAT will lay the foundation for a long-term partnership and sustainable growth of the country’s telecommunication services,” he added.
CAT president Colonel Sanpachai Huvanandana said the new company will help boost the opportunity to develop telecom services via low-Earth orbit systems in order to meet Thailand’s communication needs in the future.
Also, with the new normal brought on by the Covid-19 pandemic, the development of technological services via low-Earth orbit satellites will benefit everyone by giving them high-speed 5G internet services, IoT (internet of things), M2M (machine to machine) technology as well as drone technology as well as applications in areas that need high levels of accuracy such as remote surgery.
