Jasmine to up stake as part of TT&T ‘rehabilitation’; sets broadband targets

11 Nov 2008

The Bangkok Post reports that Thai communications group Jasmine International plans to increase its holding in fixed line operator TT&T to 40% from its current level of 30% as part of TT&T’s previously announced debt restructuring and corporate rehabilitation programme. The news came from Jasmine’s CEO Pete Bodharamik, who also said that Triple T Broadband, TT&T’s broadband internet arm, planned to introduce higher speed services next year, faster than 6Mbps, whilst also launching IPTV packages, including 30 TV channels, video- and karaoke-on-demand, interactive content and internet browsing. Mr Bodharamik said the company expected a total of 370,000 broadband subscribers by the end of this year, contributing almost 40% to its total earnings, and added that Jasmine planned to spend THB2 billion (USD58 million) over the next two years to expand broadband networks, including THB100 million each on Wi-Fi and WiMAX technology. About THB1.7 billion, slated for 300,000 broadband ports in Bangkok, will be lent by Chinese supplier Huawei Technologies, to be repaid in 42 months.

Thailand, Triple T Broadband (3BB)