Thai provincial fixed line telco TT&T has scaled down its planned CAPEX from THB2 billion (USD64 million) to between THB600 million and THB700 million this year after applying to enter a business rehabilitation plan for debt restructuring, reports the Bangkok Post. According to the report TT&T has reduced debt from THB44 billion to around THB21 billion in the last eight years. A TT&T finance spokesperson said that an ‘aggressive’ business expansion would be put on hold until 2009, although TT&T’s subsidiaries and associated companies, including Triple T Broadband, would be free to expand according to initial business plans this year.
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