TOT plans to divest stakes in eleven ventures to raise cash for investment

21 Nov 2014

State-owned Thai telco TOT has hatched a plan to streamline itself and raise cash for investment in its core telecoms infrastructure by divesting all of its shares in eleven out of its 14 joint venture interests, which it expects to earn it around THB15.254 billion (USD464 million). According to Thai newspaper The Nation, the eleven stakes include TOT’s 98.6% in 3G mobile holding company ACT Mobile, whilst all other ten stakes are minority holdings, including TOT’s 5.6% share in Thailand’s second largest cellco DTAC.

Thailand,TOT, Digital Total Access Communication (DTAC),

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share