Thaicom Pcl, Thailand’s satellite monopoly, rose to its highest level in two months in Bangkok trading after Thailand’s government said it plans to offer to buy Temasek Holdings Pte’s stake in the company.

The stock rose 5.5% to 5.75 baht at 10:02 a.m. local time, its highest level since April 7.

 

The government is in talks to buy a stake in the company from Temasek, Singapore’s state-owned investment company, Sirichoke Sopha, an aide to Prime Minister Abhisit Vejjajiva, said today.