- MCOT
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MCOT PCL Type Public Traded as SET: MCOT Founded March 25, 1977 Website mcot.net MCOT Public Company Limited Thai: บริษัท อสมท จำกัด (มหาชน)) is a Thai media conglomerate. Its origins date back to the creation in 1955 of Thailand's first television broadcaster, The Thai Television Company Limited. In 1977, this company was reconstituted as a state enterprise, the Mass Communications Organization of Thailand. In August 2004, the Thai government corporatized the Mass Communications Organization of Thailand and renamed it MCOT Pcl. The company was partially privatized in an initial public offering later that same year, with the Thai Ministry of Finance retaining a 77 percent stake.
Headquartered in Bangkok, MCOT operates a television station, Modernine TV (formerly Channel 9),MCOT Sattlelite TV (MCOT TV - ASEAN TV), and a nationwide network of 62 radio stations. The company also owns TV Channel 3, but contracts the management of that station out to a private operator, BEC World. In addition, MCOT operates the Thai News Agency (TNA) wire service.
Contents
Initial Public Offering
The Ministry of Finance diluted its 100% ownership of MCOT to 75% in a 2004 IPO. The IPO was designed to allocate as much stock as possible to retail investors, and in accordance with Thai law, foreign investors could not hold more than 15% of the offering. Investors subscribing to less than 100,000 Baht of shares were given first priority, and shares were sold via commercial banks rather than investment banks or brokers.[1]
See also
- Modernine TV
- Media in Thailand
References
- ^ The Nation, MCOT Share Sale: Small investors get first priority, 13 Sep 2004
External links
- MCOT News and Entertainment - Home Page (in Thai)
- MCOT - TNA English News (in English)
- MCOT - About MCOT (in English)
Categories:- Companies listed on the Stock Exchange of Thailand
- Television stations in Thailand
- Radio stations in Thailand
- Media companies of Thailand
- Companies based in Bangkok
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