True Corp, the parent of Thai cellco True Move, is in talks with state-owned CAT Telecom to buy back the network it is operating for Bt10bn (US$336m), according to local newspaper The Nation.
The report explained that the networks operated by private…
True Corp, the parent of Thai cellco True Move, is in talks with state-owned CAT Telecom to buy back the network it is operating for Bt10bn (US$336m), according to local newspaper The Nation.
The report explained that the networks operated by private cellcos are owned by state-owned companies CAT and TOT. True, DPC and DTAC all have a concession with CAT, while AIS has a concession with TOT. True’s concession is set to expire in 2013.
In early February, CAT and True inked a 3G partnership, meaning that True will continue to be able to offer phone services after its 2G licence expires in 2013.
In mid-July, the two companies reportedly received the all clear by the Office of the Attorney-General for the 3G agreements.
The investigation concluded that the CAT-True collaboration was not in breach of the 1992 Public-Private Joint Venture Act and was in line with the wholesale-resale regulations of the National Telecommunications Commission (NTC).
However, the Office of the Attorney General recommended that the NTC examines the contracts to confirm they comply with regulations.
Both CAT and True did not respond to emails before the press deadline.