Thaicom: Post-concession costs way down, but revenue is too; Gulf Group to become new owner by Q1 2023

by Peter B. de Selding

PARIS — Thai satellite fleet operator Thaicom Plc reported a sharp drop in costs for the nine months ending Sept. 30 but also a drop in satellite revenue as it transitioned away from its 30-year concession agreement with the Thai government.

Thaicom is now in the middle of a transition to reduce its reliance on video broadcasting, the revenue of which is decreasing, to develop an Earth observation data analytics expertise and, longer term, to operate a high-throughput, software-defined broadband distribution spacecraft.

The company is . . .

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