Thai mobile operator Total Access Communications (Dtac) is reportedly seeking a Bt10bn (US$317.4m) loan from three major Japanese banks to fund its bid for a new 3G licence and other investments.
The loan will most likely be a ‘club deal’ between…
Thai mobile operator Total Access Communications (Dtac) is reportedly seeking a Bt10bn (US$317.4m) loan from three major Japanese banks to fund its bid for a new 3G licence and other investments.
The loan will most likely be a ‘club deal’ between participating banks – Bank of Tokyo-Mitsubishi UFJ, Mizuho and Sumitomo Mitsui Banking Corp – Reuters reported, citing unidentified sources.
The news agency also cited one of its sources as saying the facility would have an average life of about four years.
In late July, Thai newspaper The Nation reported that Dtac, a subsidiary of Norway’s Telenor, and rival Advanced Info Services (AIS) were considering setting up a joint tower company to share infrastructure ahead of the country’s 3G spectrum auction, set to take place in October.
Dtac and Telenor were not immediately available for comment.
