True Corp to invest USD334 this year

6 Feb 2006

True Corp, Thailand’s largest private fixed line operator, expects a 1% rise in revenues this year on the back of planned total investments of USD334 million. True plans to spend between USD257 million and USD308 million on expanding its mobile network and services, and the remainder on its fixed line business. CEO Supachai Chearavanont boasted: ‘The funds will come from the company’s cash. We have sufficient to finance our expansion plan.’

Thailand, True Corp