Bangkok: The State Enterprise Policy Office (SEPO) has dismissed reports suggesting a potential merger between MCOT and Thai PBS, emphasizing that such a move is improbable as current efforts are directed towards revitalizing and enhancing competitiveness.
According to Thai News Agency, Mr. Thibdee Wattanakul, Director of SEPO, refuted claims that the Ministry of Finance was planning to decrease its shareholding in MCOT Public Company Limited with a view to merging it with the Thai Public Broadcasting Service (Thai PBS) if MCOT fails to secure a new private shareholder within six months. He clarified that these rumors are baseless, stating he had not engaged in discussions or provided any interviews regarding a merger between the two entities. Mr. Thibdee expressed uncertainty about the origin of the media reports and noted that such a merger would be challenging due to numerous issues that need addressing, both in principle and from a legal standpoint.
Mr. Thibdee elaborated that SEPO had been preparing to propose to the State Enterprise Policy Committee (SEPC) a reevaluation of the roles of eight state enterprises, considering options like closure, mergers, or reducing the government's stake to below 50% to eliminate power duplication and enhance the efficiency of government budget usage. MCOT is among the state enterprises being reviewed for potential restructuring.
In addition, Mr. Thibdee highlighted that MCOT is facing stiff competition in the digital media and television sectors, which necessitates restructuring to boost operational efficiency. The initial focus will be on reorganizing management by appointing a new board of directors and seeking business partners with the necessary knowledge and expertise to aid in restoring financial performance and bolstering long-term competitiveness.