The reports that the Thai Government plans to purchase the Thaicom's satellite business from Singapore's Temasek Holdings again, caught everybody’s attention in short period of time. But, Prime Minister, Abhisit Vejjajiva, denied commenting on the matter, yesterday.

Thailand is reported to have bought a major share in Thaicom PCL from Temasek Holdings Pte. Ltd. Temasek Holdings is the state owned investment Company of Singapore.

This move has considerably increased the prices of the shares of Thaicom, which is a satellite operator. The shares have increased up to a remarkable 29.4%.

In 2006, Temasek had bought Shin Corp. This organization was established by Prime Minister, Thaksin Shinawatra and was a telecommunication corporate.

However, there was a storm over the deal. This resulted in Mr. Thaksin’s ouster from office.