Thaicom 6 launched successfully after firm's upgrade to SET50

Economy January 08, 2014 00:00

By The Nation

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Thaicom successfully put the Thaicom 6 satellite into orbit on Monday on a Falcon 9 rocket launched from Cape Canaveral, Florida.

Suphajee Suthumpun, chief executive officer and chairman of the company’s executive committee, said Thaicom 6 would serve customer needs and strengthen Thaicom’s “Hot Bird” platform at 78.5 degrees east longitude. The company has already acquired bookings for more than 60 per cent of Thaicom 6’s capacity.
The satellite contains 33 transponders, 24 C-band and nine Ku-band. It will be able to deliver higher-quality digital broadcasting for more high-definition television channels.
The Stock Exchange of Thailand recently announced components of the SET50, SET100 and SETHD indices for the first half of 2014, and Thaicom is one of the new components of the SET50 Index. 
This was a result of it raising its calibre to serve customers’ needs as well as to grow profitably and sustainably as a leading communication satellite provider, Suphajee said.
The upgrade to SET50 was made on January 1. This index is determined according to the stock prices of the top 50 listed companies on the bourse in terms of large market capitalisation, high liquidity and compliance with requirements regarding the distribution of shares to minor shareholders (free float).
The market value of SET50 is about Bt9 trillion, or 75.16 per cent of the total market value of the Thai bourse as of November.