Thailand plans to privatize mass communications

[dArKeR]

AFP , BANGKOK
Monday, Jun 28, 2004,Page 12

The state-owned Mass Communication Organization of Thailand (MCOT) plans to privatize up to 25 percent of the company through an initial public offering in October, local media said yesterday.

The Nation newspaper said MCOT was aiming to raise US$171 million through the IPO to fund its satellite television company Global TV Network.

MCOT reportedly plans to register its status as a public company on July 31 at which point it will have US$73 million dollars in registered capital, consisting of 600 million shares with a par value of 5 baht (US$0.12) each. Shares will be priced at 35 baht (US$0.84) each for the IPO.

http://www.taipeitimes.com/News/worldbiz/archives/2004/06/28/2003176894