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TT&T Opts Out of Fund Raising.
Mar. 5--TT&T Plc says it cannot meet the March schedule under its debt-restructuring plan to find strategic partners to invest five billion baht for business expansion and would now leave the fund-raising to its creditors.
Pisit Leeahtam, president of the provincial fixed-line operator, said the search for a partner had been hampered by the delay in converting concession agreements between private companies such as TT&T and state agencies, as well as the slump in the global telecom sector.
"Many prospective players have talked with TT&T but with the unfavourable environment, now we will leave the capital injection in the hands of creditors," he said.
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