Thaicom
THCOM.BKThaicom Public Company Limited (SET: THCOM) is Thailand's national satellite operator, publicly listed on the Stock Exchange of Thailand with approximately $500 million market capitalization — founded in 1991 as an initiative of the Thai government and the Shinawatra Group (founded by former Thai Prime Minister Thaksin Shinawatra), operating GEO communications satellites that provide broadcasting, broadband, and telecommunications services across Thailand and the broader Asia-Pacific region.
- Founded
- 1991
- Headquarters
- Nonthaburi, Thailand
- Stage
- Public
- Ownership
- Listed
- Market cap
- $341M-3.7% 30d
Quick Facts
About Thaicom
Thaicom Public Company Limited (SET: THCOM) is Thailand's national satellite operator, publicly listed on the Stock Exchange of Thailand with approximately $500 million market capitalization — founded in 1991 as an initiative of the Thai government and the Shinawatra Group (founded by former Thai Prime Minister Thaksin Shinawatra), operating GEO communications satellites that provide broadcasting, broadband, and telecommunications services across Thailand and the broader Asia-Pacific region.
Thaicom's satellite fleet includes multiple GEO satellites positioned at orbital slots providing coverage across Southeast Asia, South Asia, and extending into parts of Africa and Eastern Europe. Thaicom 6 (2014) and Thaicom 8 (2016) are the newer additions to the fleet, with Ka-band high-throughput capacity for broadband services and Ku-band capacity for broadcasting. Thaicom 4 (IPStar, 2005) was Asia's first and the world's largest Ka-band high-throughput satellite at launch, providing broadband internet across 14 countries in Asia-Pacific using spot beam technology — a landmark satellite representing Thai space ambitions at a time when HTS satellite technology was emerging.
Direct-to-home television broadcasting is Thaicom's primary revenue source: the company provides capacity for Thai free-to-air national broadcasters, pay-TV platform operators, and international content distribution across Southeast Asia. Rural broadband connectivity for underserved communities in Thailand and neighboring countries without fiber infrastructure represents a growing service.
Thaicom owns and operates Thailand's first and only satellite-based maritime communication network covering the Gulf of Thailand and the Andaman Sea — providing connectivity for Thai fishing vessels, merchant shipping, and offshore platforms in waters where terrestrial cellular networks don't reach.
The company has navigated the challenges facing GEO satellite operators as LEO constellations (Starlink in particular) have expanded into Asia-Pacific markets with compelling price-to-performance advantages for broadband applications. Thaicom's strategic focus has shifted toward value-added services and government contracts — including working with the Thai government on satellite-based connectivity for remote schools and government offices — while exploring potential LEO constellation participation.
Competitors include SES/O3b, Intelsat, Eutelsat/OneWeb, AsiaSat, and SpaceX Starlink for specific market segments across Asia-Pacific.
Products and product lines
| Product | Line | Note |
|---|---|---|
| Thaicom-9 (Astranis MicroGEO) | GEO broadband satellite | Ka-band MicroGEO satellite built by Astranis for Thaicom subsidiary Space Tech Innovation (STI) under a March 2024 agreement, part of a batch of five additional Astranis MicroGEO satellites contracted to launch on SpaceX rockets. |
| Thaicom-10 | High-throughput GEO satellite | 120 Gbps software-defined high-throughput satellite being built by Airbus Defence and Space for subsidiary STI, financed by a $184 million, 14-year export-credit facility from Deutsche Bank and Standard Chartered backed by France's Bpifrance (closed September 2025); planned for a SpaceX Falcon 9 launch from Florida around 2027 to the 119.5°E slot. |
| Amazon Leo distribution agreement | LEO broadband distribution | Thaicom subsidiary TC 142 became Amazon Leo's authorized distributor and landing-rights holder for LEO satellite broadband in Thailand, announced April 6, 2026. |
| Globalstar ground station expansion | Ground infrastructure | Thaicom is building out ground-station capacity to support Globalstar's new communications services, cited as a revenue contributor in Thaicom's Q1 and Q2 2026 results. |
| Thaicom 4 (IPSTAR) / 6 / 8 GEO fleet | GEO broadcast and broadband satellites | Thaicom's in-service fleet -- Thaicom 4/IPSTAR (2005), Thaicom 6 (2014) and Thaicom 8 (2016) -- supplies direct-to-home broadcast and Ka/Ku-band broadband capacity across Asia-Pacific. |
| GISTDA ground antenna and operations system | Ground systems integration | Thaicom has been engaged on a procurement project for a ground antenna and operations system for Thailand's space agency GISTDA, referenced in its Q2 2026 results commentary as a revenue contributor. |
Timeline
- 2024 Thaicom subsidiary Space Tech Innovation (STI) signs an agreement with Astranis for the Thaicom-9 MicroGEO Ka-band broadband satellite, part of a batch of Astranis MicroGEO satellites contracted to launch on SpaceX rockets in 2025. [source]
- 2025 STI secures a $184 million, 14-year export-credit financing facility from Deutsche Bank and Standard Chartered, backed by French export credit agency Bpifrance, to fund the 120 Gbps Airbus-built Thaicom-10 satellite, targeted for a roughly 2027 Falcon 9 launch. [source]
- 2026 Thaicom subsidiary TC 142 agrees to become Amazon Leo's authorized distributor and landing-rights holder for LEO satellite broadband in Thailand, announced April 6, 2026. [source]
- 2026 Thaicom reports Q1 2026 core profit of Baht 385 million, up 165.5% year on year, and net profit attributable to owners of Baht 588 million, helped by the new Amazon Leo distribution deal. [source]
- 2026 Thaicom reports Q2 2026 revenue of Baht 497 million, up 9.7% quarter on quarter, with growth helped by a Globalstar ground-station expansion project, against a core operating loss of Baht 93 million. [source]
- 2026 Thaicom's management page lists Dr. Piyawat Jriyasetapong as Chief Executive Officer (and Acting Chief Commercial Officer); company statements were still being issued under CEO Patompob (Nile) Suwansiri as of the April 2026 Amazon Leo announcement, indicating a leadership change during 2026. [source]
Team
Signals
- Market cap, 90 days
- -10.4%
- Verification
- Verified 2026-09-10
Categories & Capabilities
Industry Categories
Stock Performance
THCOM.BK · Daily close data
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Frequently asked about Thaicom
Quick answers to the questions readers most often search for.
- When was Thaicom founded?
- Thaicom was founded in 1991 in Thailand.
- Where is Thaicom headquartered?
- Thaicom is headquartered in Nonthaburi, Thailand.
- What does Thaicom do?
- Thaicom Public Company Limited (SET: THCOM) is Thailand's national satellite operator, publicly listed on the Stock Exchange of Thailand with approximately $500 million market capitalization — founded in 1991 as an initiative of the Thai government and the Shinawatra Group (founded by former Thai Prime Minister Thaksin…
- Is Thaicom publicly traded?
- Yes. Thaicom trades under the ticker THCOM.BK on Thailand.
- What sector does Thaicom operate in?
- Thaicom works in satellite operators and Satellite communications.
Sources
The structured fields on this page (founding year, location, sector, status, listing) and the profile text are drawn from the sources below. How profiles are drafted and checked is described in our methodology.
- Official website (www.thaicom.net)
- Market data via Yahoo Finance (THCOM.BK) · retrieved 2026-09-14
- Wikidata / Wikipedia · retrieved 2026-09-04
- Thaicom: Management team page · retrieved 2026-09-10
- Thaicom: Thaicom Selects Amazon Leo to Bring Low Earth Orbit Satellite Broadband to Thailand (6 Apr 2026) · retrieved 2026-09-10
- Thaicom: Thaicom Reports Q1/2026 Results (7 May 2026) · retrieved 2026-09-10
- Thaicom: Thaicom Reports Q2/2026 Results (7 Aug 2026) · retrieved 2026-09-10
- DevelopingTelecoms: Astranis taps SpaceX for next MicroGEO launch in 2025, including Thaicom-9 · retrieved 2026-09-10
- Advanced Television: STI secures financing for THAICOM 10 satellite (1 Sep 2025) · retrieved 2026-09-10
- Wikipedia: Gulf Energy Development (ownership/merger background) · retrieved 2026-09-10
Data Accuracy Notice: Information about Thaicom is compiled from publicly available sources including company websites, press releases, regulatory filings, and industry reports. Data is reviewed periodically but may not reflect the most recent developments.