State-backed Thai telco TOT is set to take over all wireline operations belonging to provincial fixed line concessionaire TT&T on 1 March, the Bangkok Post reports – almost two years before the concession expires. According to the news site, the Central Bankruptcy Court ordered the confiscation of TT&T’s wireline assets in March 2016, and last November requested that TOT take responsibility for two jobs: repairing or replacing transmission equipment, and maintaining TT&T’s network to ensure service continuity after the concession expires. The fixed line business will not be dissolved however, as the company needs to settle ‘complicated’ accounts for various accumulated debts, the report notes.
According to TeleGeography’s GlobalComms Database, TT&T’s fixed line user base peaked at 1.240 million in 2006, and was believed to have dwindled to around 300,000 ten years later. TT&T’s original rehabilitation plan covering THB26 billion (USD741 million) in debt was approved by the Central Bankruptcy Court on 28 December 2010. The rehabilitation period ended in 2015, but administrator PCL Planner Company sought a Bankruptcy Court order to extend the period by another year.