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Cabler Thai Sky TV in talks with Star for joint venture

BANGKOK — Executives representing Thai Sky TV, one of Thailand’s two cable TV operators, are discussing a possible joint venture agreement with Rupert Murdoch’s Star TV network in Hong Kong this week, the Nation newspaper reported.

An executive at Wattachak Plc, Thai Sky TV’s parent company, said Wattachak executives were holding talks but did not confirm that a joint venture agreement was in sight.

However, he said that Hong Kong-based Star TV, majority owned by News Corp., is considering using Thai Sky TV as an inroad to the Thai market.

Sky TV wants the pan-Asian Star TV network’s news, entertainment and sports programming, said the Wattachak executive, who asked not to be named.

This week’s meetings are part of ongoing talks between the two companies.

Wattachak is restructuring Thai Sky TV to compete with Thailand’s leading cable TV operator, the Intl. Broadcasting Corp., which is run by Shinawatra Computer & Communications, he said.

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