Japan’s NTT is looking to divest its stake in Thai fixed line operator TT&T as part of its plans to reduce its investments in foreign fixed line operators, according to The Nation. NTT’s regional arm NTT West took a 20% stake in TT&T in 1992, but has since reduced its holding to 6.19%. According to the paper, the Japanese company has already begun selling its remaining shares.
TT&T was established in June 1992 to finance, build and operate networks in 72 regions outside Bangkok under a 25-year BTO deal with state-owned incumbent TOT. It launched commercially in October 1993 and completed its network rollout by the end of 1996. It offers a full portfolio of local, long-distance and international telephony, including 15,000 public phones, and boasts the largest provincial network in Thailand with more than 1,500 remote switching units linked together by over 20 main switching units.