Thai telecoms group True Corp says it is looking to sell a 20% to 25% stake to a foreign investor to help it with the launch 3G mobile services. Thai regulator the NTC has just published its draft guidelines for the issue of 3G licences and the auction for frequencies is expected to take place in mid-2006. True Corp offers mobile services via its 83%-owned subsidiary TA Orange, the country’s third largest cellco by subscribers. It is looking for a foreign investor to assist with the technical and financial aspects of the roll out of a 3G network. True Corp is owned by the Charoen Pokphand Group (39.22%), the Thai Trust Fund (8.75%) and KfW (8.34%), with the remainder distributed.