Thaicom reports 9.2% drop in satellite service revenue; eyes iPStar/Thaicom 4 retirement
Thaicom says satellite service revenue fell 9.2% for the three months ended March 31, attributing the decline to continued weaker broadcast revenue, even as profit rose in its satellite division. The operator also points to the summer retirement of iPStar/Thaicom 4 as a near-term fleet inflection point.