The amended draft for satellite orbital bids has passed the hearing.

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An amended draft for the auction of the 50.5° East, 51° E and 142° E satellite orbital slots recently passed the last focus group hearing, according to the National Broadcasting and Telecommunications Commission (NBTC).

The amendment expands the period winning bidders have to launch satellites to within five years after obtaining licences, up from three years.

During the focus group hearing on the amended draft, some participants raised concerns that the fine levels could scare off potential bidders.

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Category: EconomyBusiness

Markets: Thailand

Topics: Nbtc Price First 2023 Baht Draft Orbit Slots Auction Million

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-17 @ 06:15:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 538 words

Reading Time: 3 minutes read

Sentences: 20 lines

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Copyright Owner: © Bangkok Post

News ID: 20709572

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