Thailand’s Central Bankruptcy Court on Tuesday approved a rehabilitation plan for provincial fixed line operator TT&T, involving the restructuring of THB26 billion (USD860 million) in debt, according to a Bangkok News.Net report. The plan includes debt reduction, a debt-to-equity conversion and repayment, TT&T Chief Executive Suwan Assadanukul told reporters. Creditors had been seeking repayment of THB61 billion in debt. Suwan, who is in charge of the five-year rehabilitation plan, said TT&T was due to repay 5% of debt to creditors within 15 days.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Have feedback, corrections, or story ideas? Send them to email@example.com.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors