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3 companies qualify to bid for satellite orbital slot packages on January 15th

3 companies qualify to bid for satellite orbital slot packages on January 15th

21 Sept 03:43 Key points summarised by AI
  • Three companies—Space Tech Innovation, National Telecommunications Public Company, and Prom Technical Services—qualified to bid for satellite orbital slot packages on January 15th.
  • The National Broadcasting and Telecommunications Commission (NBTC) will employ a Sequential Ascending Clock Auction, featuring 20-minute bidding rounds with a 5% price increase per round to ensure transparency.
  • The NBTC dismissed suggestions to scrap the auction and directly award slots, citing constitutional mandates to protect public access to satellite frequencies and promote fair competition, avoiding monopolistic practices.
  • Prioritizing public interest, the auction requires the winning bidder to provide the government with one free broadcast transponder and a 400 Mbps data broadband channel per satellite.
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