The board of Thai state-run telco TOT has approved a plan to buy back public payphone businesses previously sold to five small private operators, writes the Bangkok Post. According to the report, TOT earns THB100 million (USD2.8 million) per year in revenue sharing payments from a total of ten private payphone providers operating a maximum of 140,000 kiosks. Five of these firms approached TOT to buy back the services because they could not compete effectively, partly due to duplication of services in areas with public phones belonging to them, TOT and also to major private telcos True and TT&T. The board stipulated the buyback’s budget be capped at THB224 million. TOT itself currently operates 220,000 public telephones.