TrueVisions is a cable and satellite television operator in Thailand. TrueVisions is owned by the True Corporation. Until February 2007, it was called the United Broadcasting Corporation (UBC), or UBC-True. History International Broadcasting Corporation (1989 1998) In 1989, the International Broadcasting Corporation (IBC) was established by Thaksin Shinawatra. It was the first national cable TV provider. The MCOT gave the IBC a twenty year concession to a provide subscription television service. The IBC broadcast its programmes via super high frequency microwaves using MMDS. In 1995, after approval for an expansion of coverage area, the IBC began its first DTH service. In 1997, the South AfricanDutch company, MIH Limited, bought a sixteen percent stake in the IBC. The IBC obtained most program content from the channels of other countries including HBO, CNN and ESPN. UTV Cable Network (1993 1998) In September 1995, UTV began a CATV service in the Bangkok metropolitan area. The service was provided on a hybrid fiber coaxial network. The cable technology allowed a number of channels to be offered with high quality sound and pictures. It also provided a pay-per-view option. By 1997, the hybrid fiber coaxial cable network reached about 800,000 homes. In 1997, UTV sold the cable infrastructure component of its business to its sister company, Asia Multimedia Company Limited. This allowed UTV to focus on content and service delivery to subscribers. Merger with United Broadcasting Corporation (1998 2006) In February 1998, after the onset of the 1997 Asian financial crisis, the IBC merged with UTV in order to decrease operational costs. The United Broadcasting Corporation (UBC) was formed. The UBC later split into two companies: UBC plc. which provided a pay-television service via the IBC's satellite transmission concession, and UBC Cable Co., Ltd. which provided a pay-television service via UTV's cable concession. UBC-True (2006 2007) In November 2005, True Corporation (True) bought a 30.59 percent stake in UBC from MIH Holdings. It launched a tender offer for the 221 million shares outstanding at 26.5 baht per share and delisted UBC from the Stock Exchange of Thailand (SET). In April 2006, UBC rebranded to "UBC-True". UBC was delisted from SET on April 11, 2006. On April 2, 2006, UBC-True announced that it would launch the documentary channels Explore 1, Explore 2, and Explore 3 in October 2006. UBC-True also announced the launch of entertainment channels, G-Square and UBC Preview, followed by two music channels, Majung