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Shin Satellite Subsidiary Acquires TMC

By | January 21, 2004

      Shin Satellite’s board of directors has approved the purchase of Teleinfo Media Company (TMC), the publisher of Yellow and White Pages directories in Thailand, by Shin subsidiary CS Loxinfo (CSL).

      The acquisition is being pursued to strengthen the online directory capability of CSL, which is Thailand’s largest Internet service provider, allowing it to create an online and offline search platform for its customers and enhance its advertising and e-commerce revenues. The acquisition will be forwarded to Shin Satellite and TMC shareholders for final approval.

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