3G dream turns into nightmare for TOT

24 Sep 2007

Thai state-run telco TOT’s ambition to launch a 3G mobile network has been thrown into doubt after sister operator CAT Telecom refused to complete an earlier agreement to sell its 42% stake in joint venture GSM provider Thai Mobile to TOT for USD75.4 million, according to TOT board spokesman Djit Laowattana, quoted by the Bangkok Post. Negotiations for TOT to buy CAT’s stake in the debt-ridden minor player have dragged on for several years. Three equipment providers, Alcatel-Lucent, ZTE and Huawei, have made presentations to TOT on how to upgrade Thai Mobile’s 2G network to W-CDMA.

Thailand, CAT Telecom, Thai Mobile, TOT