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TOT Plc to manage Thai Mobile: Vodafone could be new strategic partner.
Byline: Komsan Tortermvasana
Mar. 4--TOT Plc plans to invest 10 billion baht to rebrand Thai Mobile and look to Vodafone from the United Kingdom as its strategic partner to provide 3G mobile-phone services.
TOT president Teerawit Charuwat said Thai Mobile was ready to move ahead aggressively now that TOT had closed a deal with CAT Telecom to take over the struggling cellular venture.
Thai Mobile, 58 percent held by TOT and 42 percent by CAT Telecom, has been plagued by management problems and bureaucratic infighting. After five years, it has only about 50,000 customers in a mobile-phone market of nearly 30 million.
In the past, TOT had ...
- TOT concludes deal to take over Thai Mobile from CAT Telecom.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) July 7, 2005 700+ words
...service by buying out the CAT Telecom share of Thai Mobile for four billion baht. TOT...1900 MHz bandwidth used by Thai Mobile, originally established as...bandwidth and all assets of Thai Mobile, by paying 4.055 billion...
- TOT completes a deal to buy out shares of CAT Telecom in Thai Mobile for 4b...
- Magazine article from: Wireless Asia July 1, 2005 700+ words
TOT completes a deal to buy out shares of CAT Telecom in Thai Mobile for 4b baht ($95.8m). TOT will take full ownership of the 1900-MHz bandwidth and all assets of Thai Mobile.
- TOT finally completes a deal to buy out the shares of CAT Telecom in Thai...
- Magazine article from: Telecom Asia August 1, 2005 700+ words
TOT finally completes a deal to buy out the shares of CAT Telecom in Thai Mobile for 4b baht ($95.8m). TOT will take full ownership of the 1900-MHz bandwidth and all assets of Thai Mobile.
- TOT and CAT Telecom see brighter future for Thai Mobile.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) February 21, 2006 700+ words
...Tortermvasana Feb. 21--Thai Mobile, the stillborn...of TOT Plc and CAT Telecom, has brighter...Corporation, TOT and CAT Telecom should be able...that have stunted Thai Mobile's growth, the...move forward. Thai Mobile, 58 percent held...and 42 percent by ...
- CAT Telecom says it is willing to buy the 42% holding of TOT in Thai Mobile for...
- Magazine article from: Telecom Asia June 1, 2008 700+ words
CAT Telecom says it is willing to buy the 42% holding of TOT in Thai Mobile for 2.4b baht ($75.3m) in order to jump-start 3G services...haggling for three years over a price for their six-year-old Thai Mobile joint venture.
- CAT Telecom rejects a 2.4b baht ($76 million) offer by TOT to take over its 42%...
- Magazine article from: Telecom Asia December 1, 2007 700+ words
CAT Telecom rejects a 2.4b baht ($76 million) offer by TOT to take over its 42% stake in joint venture Thai Mobile. However, CAT said it still wanted to participate in the Thai Mobile service with TOT.
- CAT Telecom rejects a 2.4-billion baht ($76 million) offer by TOT to take over...
- Magazine article from: Wireless Asia December 1, 2007 700+ words
CAT Telecom rejects a 2.4-billion baht ($76 million) offer by TOT to take over its 42% stake in joint venture Thai Mobile. However, CAT said it still wanted to participate in the Thai Mobile service with TOT.
- Thai Mobile Needs Boost.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) (via Knight-Ridder/Tribune Business News) November 20, 2003 700+ words
...Technology minister. Thai Mobile, a 58:42 joint...of TOT Corp and CAT Telecom, began commercial...take control of Thai Mobile by diluting CAT Telecom's stake to less...management ties with Thai mobile, CAT Telecom could fully develop...
