TOT, CAT aiming to operate under one holding company

25 Jul 2006

Thai state-run operators TOT and CAT have informally agreed on a plan to operate under the same holding company, according to TOT’s acting president Chamras Tantreesukhon. The plan involves bringing both telcos under the ownership of a new holding vehicle to be set up by the Finance Ministry. Chamras added that the aim was for the two companies to work together rather than competing, and that the informal plan could achieve this without major disruption to employees.

Thailand, CAT Telecom, TOT