TT&T Relinquishes 3G PlansNovember 2008 | Company News Alert
TT&T, Thailand's fixed-line operator, has scrapped its decision to invest THB50bn in the deployment of a 3G network, according to its major shareholder Jasmine International. The decision was taken following the operator's current corporate and economic circumstances; TT&T is in debt to the tune of THB21bn. In view of this, 'diversification (into 3G mobile services) is not the right strategy,' says the operator's CEO Pete Bodharamik.
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