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Wed, January 31, 2007 : Last updated 20:56 pm (Thai local time)



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Home > Business > More time for iTV





More time for iTV

Broadcaster iTV could have an extra 30 to 45 days to repay its overdue concession fees to the PM's Office.

Chulayuth Hiranyavasit, head of the Office of the Permanent Secretary of the Prime Minister's Office, yesterday said he was considering the length of the second extension period for iTV to repay Bt2.21 billion in unpaid fees.

iTV has yet to pay the amount, which was due yesterday, the end of the first extension period.

The broadcaster's concession contract allows the company to extend the debt-payment period twice, with each extension limited to a maximum of 45 days.

"Personally, I think 30 days would be appropriate for the second extension," he said.

The office will contact iTV again today. If it still insists it cannot repay the unpaid amount, the office will bring the case up for Cabinet consideration.







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