Two more members of Thai state-owned telco TOT’s board have resigned, according to local media reports.
The Thai newspaper the Nation reported that Veerathai Santipraphob and Schitt Laowattana had resigned yesterday. This follows the news that three…
Two more members of Thai state-owned telco TOT’s board have resigned, according to local media reports.
The Thai newspaper the Nation reported that Veerathai Santipraphob and Schitt Laowattana had resigned yesterday. This follows the news that three other members of the board had resigned on Tuesday.
The board was originally made up of twelve members (now down to seven), plus the president. It can reportedly only continue to hold meetings if half the members and the president attend.
The company has been hit by two separate controversies in recent weeks.
The first involved TOT’s recent tender of a 3G network contract.
The tender was won by the Loxley-Samart consortium, which includes Huawei Technologies. But the auction was dogged by claims of a lack of fairness.
Two potential rival bidders for the tender, European vendor Ericsson and Chinese vendor ZTE, accused TOT of being unfair and unclear.
The second controversy affecting TOT has been its search for compensation from the cellco Advanced Info Service (AIS) for allegedly not paying the agreed price for a mobile concession.
According to the report in the Nation today, AIS wrote to all twelve TOT directors and the acting president in early February, asking them to withdraw TOT’s damages claim by 9 February.
If it failed to withdraw the claim, AIS would reportedly bring civil and criminal damages against both TOT and any individual that had been responsible for producing the notification.
The Nation reported that the TOT board was also scheduled to meet tomorrow to discuss how to proceed with the damages claim against AIS.
