Digital TV Channel 19 or SpringNews Channel will go off the air from June 16 after the state-run MCOT Plc terminated it's network provider service for the channel when it has defaulted payment of over 100 million baht in network rents since 2016.
The decision to end network service to SpringNews was approved by MCOT board of directors and the National Broadcasting and Telecommunications Board.
MCOT president Kematat Paladesh said MCOT decided to end network provider service for SpringNews after the digital channel failed to pay up the signal transmission or MUX rents amounted to 104 million baht since 2016.
SpringNews entered agreement with MCOT on the network service since 2014, but defaulted payment since mid 2016
Until May 31 this year, the unpaid payment plus fines and interest now amounted to 104 million baht.
MCOT has sent notices to the digital channel several times but was asked for extension of the payment with reason that the channel was in a process to increase capital and sought to pay the debts on instalment.
The last notice to SpringNews was on May 9 informing it of the termination of the network provider service as the accumulated debt was high and was unpaid for a long time, he said, and added that this prompted MCOT to protect the interest of its shareholders in the stock market to terminate the agreement.
Source: Thai Public Broadcasting Service (ThaiPBS)