Thai court approves TT&T’s USD860m debt rehabilitation plan

30 Dec 2010

Thailand’s Central Bankruptcy Court on Tuesday approved a rehabilitation plan for provincial fixed line operator TT&T, involving the restructuring of THB26 billion (USD860 million) in debt, according to a Bangkok News.Net report. The plan includes debt reduction, a debt-to-equity conversion and repayment, TT&T Chief Executive Suwan Assadanukul told reporters. Creditors had been seeking repayment of THB61 billion in debt. Suwan, who is in charge of the five-year rehabilitation plan, said TT&T was due to repay 5% of debt to creditors within 15 days.

Thailand, Triple T Broadband (3BB)