By Piyarat Setthasiriphaiboon, Dow Jones NewswiresThursday 13 August 2009
Satellite operator to drive India revenues by focusing on bandwidth expansion.
Thaicom PCL, Thailand's sole satellite operator, Thursday said it expects third quarter and fourth quarter sales to outstrip its performance in the second quarter.
Chief Financial Officer Tanadit Charoenchan said sales in 2010 should also be double that in 2009 because of greater market penetration, especially in China and India.
Tanadit said the Indian market is expected to start generating revenue in the fourth quarter of this year.
He said Thaicom is placing greater focus on its bandwidth expansion, which should also lead to higher revenue from that service.
Thaicom, formerly Shin Satellite, is the world's third-largest commercial satellite operator, according to company data. It was founded by former Prime Minister Thaksin Shinawatra, who was ousted in a bloodless military coup in 2006.
Including its recently launched service in Indonesia, its iPSTAR satellite business provides services to 12 Asia Pacific countries, including Australia, Japan and New Zealand.
Earlier Thursday, Thaicom said it swung to a net profit of THB198.7 million for the second quarter from a loss of THB281.9 million a year earlier.