Thai government has started its attempt to buy back Thaicom satellite from Singapore's Temasek Holding Pte by sending Finance Minister Korn Chatikavanij to meet with Temasek executives, Sirichoke Sopa said Monday.
Sirichoke visited Singapore in April with Finance Korn. He quoted Temasek executives as saying that they are "willing to think about the deal."
The government would make the purchase either through government-owned MCOT Pcl or one of two state enterprises controlled by the Ministry of Information and Communications Technology, Sirichoke said.
The company founded by Thaksin in 1991.
"It's our policy to buy back the satellite unit from Thaicom," he said. "There is no formal offer yet. It's just really a starting of negotiations."