Administrative Court rejects Spring News requested injunction



BANGKOK: -- The Central Administrative Court yesterday rejected a request by Spring News for court's injunction to prohibit the National Broadcasting and Telecommunication Commission (NBTC) from collecting the third instalment of its digital TV license due on May 23.

Spring News won a digital TV license on the news category for 1.3 billion baht in a bid in December 2013. It was then allowed to pay licence fee on instalments.

But the news channel operator later filed complaints that the state TV regulator did not comply with commitments it pledged under the terms of references, thus resulting in huge operational loss.

Spring News filed legal suit against the NBTC and sought court’s injunction for halting the payment of the third instalment, and the remainders pending final court procedures.

It earlier filed a civil suit demanding compensation of 322 million baht plus 7.5% interest per year for shouldering daily operation cost of 70,243 baht for the network connection management.

Source: http://englishnews.thaipbs.or.th/content/164894


-- Thai PBS 2016-05-26

It would appear that the rivers of gold did not flow as expected. Guess the business model was not as robust as the investors expected.

It would appear that the rivers of gold did not flow as expected. Guess the business model was not as robust as the investors expected.

I have never known any Thai company to conduct market research, If they can borrow the money they just wing it.