TOT awards USD91m broadband expansion contracts at second attempt

17 Mar 2010

Thai state-run telco TOT has awarded contracts to expand its fibre-optic and broadband access networks to two domestic companies, Forth Corporation and Jasmine International, at a combined price of THB2.96 billion (USD91 million), The Bangkok Post reports. The figure was THB82.5 million lower than the median price set by TOT. The overall project calls for the winners to provide equipment for 577,000 broadband internet and fibre-optic ports on a regional basis; Forth will cover ‘zones 1-3’ while Jasmine will be responsible for ‘zone 4’. There was one other bidder, another Thai-based firm, Loxley. TOT had previously scrapped the original auction results after Prime Minister Abhisit Vejjajiva voiced concern that the three winning groups’ combined bid prices were only THB10.5 million lower than the reference price of THB3.04 billion.

Thailand, Jasmine International Group, TOT