Thaicom Public Company LimitedDE Ministry preparing to sue THCOM for breaching the satellite concession agreement, seeking 1.259 billion baht in damages.

The Ministry of Digital Economy and Society (DE) is preparing to file a lawsuit against GULF-THCOM for failing to comply with the satellite concession agreement, seeking damages of 1.259 billion baht, after the Cabinet approved legal action on September 1. Kasikorn Securities (KS) analyzed that the key issues are the dispute over asset transfer, the management agreement between THCOM and NT for satellites TC4 and TC6, and the relationship among THCOM, DE, and NT. KS views this as a negative factor for THCOM shares, as the claimed amount represents 11.05% of its current market value and could affect future B2G satellite service business. The actual impact will depend on THCOM management's clarification on September 7.
Thaicom Public Company LimitedDE Ministry preparing to sue THCOM for breaching the satellite concession agreement, seeking 1.259 billion baht in damages.
NT is party to the THCOM management agreement for satellites TC4 and TC6 at issue in the dispute, but no direct impact on NT is stated.