Thailand’s junta has reportedly approved a Bt5.97bn (US$187m) investment framework for three undersea fibre cables to boost connectivity across South East Asia.
The three projects will provide links to Singapore, Malaysia, Japan and France, and should…
Thailand’s junta has reportedly approved a Bt5.97bn (US$187m) investment framework for three undersea fibre cables to boost connectivity across South East Asia.
The three projects will provide links to Singapore, Malaysia, Japan and France, and should be completed within three years, reported the Bangkok Post citing the National Council for Peace and Order (NCPO) that came into power in May.
The country’s Policy Committee for State-owned Enterprises has been tasked with sourcing funds for the plan, added the report.
Two Europe-bound cables, costing about Bt1.4bn (US$44m) and Bt1.3bn (US$41m), will reportedly double the speed of state-owned telco TOT’s existing services to 1800gbs. The third project, which is targeting Japan and is estimated to cost Bt2.27bn (US$71m), could be capable of up to 3700gbs, according to the Bangkok paper.
Thailand had been gearing up for a 4G mobile auction this month but NCPO recently put this on hold for a year, putting pressure on local players AIS, Telenor’s Dtac, and True Corp.
