Its shares sank after a planned auction for satellite orbital slot packages was scrapped. (Bangkok Post file photo)The National Broadcasting and Telecommunications Commission (NBTC) has decided to cancel a satellite orbital slot auction slated for Aug 28 after only one contender was left in the contest. NBTC acting secretary-general Trairat Viriyasirikul on Wednesday announced the decision to scrap the auction planned for Aug 28, citing a lack of bids for four satellite orbital slot packages. The U-turn left TC Space Connect, wholly owned by SET-listed satellite service provider Thaicom, as the sole bidder. On July 7, the telecom regulator decided to postpone the auction to from July 24 to Aug 28 after TC Space Connect was the only firm to participate in the bidding.

Source: Bangkok Post August 18, 2021 11:03 UTC