Thailand may buy Shinsat from Temasek

Starts 3rd October

Vanita Keswani

Madison Media Sigma

Poulomi Roy

Joy Personal Care

Hema Malik

IPG Mediabrands

Anita Kotwani

Dentsu Media

Archana Aggarwal

Ex-Airtel

Anjali Madan

Mondelez India

Anupriya Acharya

Publicis Groupe

Suhasini Haidar

The Hindu

Sheran Mehra

Tata Digital

Rathi Gangappa

Starcom India

Mayanti Langer Binny

Sports Prensented

Swati Rathi

Godrej Appliances

Thailand may buy Shinsat from Temasek

Satellite

MUMBAI: Thailand is putting pressure on Singapore to return satellites it acquired as part of a $3.8 billion purchase of ousted Prime Minister Thaksin Shinawatra's telecom empire.

Media reports state that Thais are going to the polls to vote if the country's military-led government should buy back the nation's satellite operator Shinsat.

The five satellites are operated by Shin Satellite a unit of Shin which was sold to Singapore's state investment firm Temasek last year.

The Shin sale reports state led to street protests that led to Thaksin's downfall and coup leader Sonthi Boonyaratglin has promised to get the assets back.

Meanwhile nformation and Communications Technology Minister Sitthichai Pookaiyaudom ghas been quoted in reports saying that Shin Satellite's concessions with the country could be revoked if Temasek is found to have used illegal nominees to buy Shin Corp last year.

Bangkok is also said to be looking at legal options. Temasek executed the Shin deal through a complicated web of Thai holding companies, one of which, Kularb Kaew, may have broken rules against foreign companies using local 'nominees' to skirt a 49 per cent limit on foreign ownership.