TOT launching USD584m network rollout tender next month

14 Oct 2010

Dow Jones Newswires reports that Thai state-owned TOT plans to launch a tender for THB17.4 billion (USD584 million) worth of equipment and installation contracts for the nationwide expansion of its 3G mobile network. The company’s board has approved in principle a plan to borrow THB15.9 billion to finance its previously announced THB19.9 billion investment plan to expand coverage of the 2100MHz W-CDMA/HSPA network, which currently covers the Bangkok area only.

Thailand, TOT