newsdog Facebook

Thaicom to exit 3400-3700MHz range

News Summed Up 2019-11-08 05:30:00

Thaicom to exit 3400-3700MHz rangeSatellite service provider Thaicom Plc has agreed to vacate the 3400-3700MHz spectrum range to free it up for auction to use for 5G wireless networks. The regulator will determine a compensation figure for parties affected by the spectrum recall using a study by three academic institutions appointed by the NBTC. "Thaicom management acknowledges that the NBTC and Digital Economy and Society (DES) Ministry are in talks about spectrum recall," Mr Anant said. The 3400-3700MHz range is mainly used by Thaicom 5. Thaicom reported revenue of 3.7 billion baht in the first nine months of the year, down 18% year-on-year, mainly from a slowdown in satellite business and related services.