Amarin gears for digital TV

Corporate January 31, 2014 00:00

By The Nation

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Amarin Printing and Publishing is prepared to invest Bt5.87 billion in the digital television business to expand its media business coverage.

It would spend Bt5.86 billion to construct a production studio and Bt100 million to purchase equipment. 
Metta Utakaphan, president and executive chairman, said the company’s board of directors resolved yesterday to propose this issue of securing a digital television licence for international business service at the next shareholders meeting.
 The company’s wholly-owned subsidiary Amarin Television Co would bid for the licence from the National Broadcasting and Telecommunications Commission.
Thanachart Securities would be proposed to shareholders as the company’s financial adviser. 
Amarin participated in the bidding for the digital TV licence on December 30 and secured the permit worth Bt3.32 billion for Amarin Television Co. 
Amarin Printing would have to lease the Royal Thai Army Radio and Television’s TV service network at a cost of Bt2.45 billion for 14 years and five months. The Army operates Channel 5.
This expansion will allow Amarin Printing to broaden its television business coverage, enhance existing businesses in a fully integrated manner to support the company and subsidiaries’ future growth, serve as source of funds and facilitate credit from banks and financial institutions.