Companies / Thailand
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TOT Seeks To Cut Dependence On Fixed-Line
November 2007 | Company News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Thailand's state-owned incumbent operator TOT is to invest THB64bn (US$2bn) into turning around its failing fixed-line dependent service, marking part of a four-year strategy. Existing figures for H107 reveal revenues to have fallen by 13% y-o-y to THB25.94bn (US$876mn), while net profits fell by 36.1% y-o-y to THB2.86bn. Under its existing plans, the operator will spend THB16bn (US$506mn) a year until 2010, converting its core fixed-line network into a next generation network (NGN) platform using 70% of its total capex. By 2010, TOT hopes to have achieved its aim of reporting broadband revenues to account for 70% of total revenues, compared to an existing 30%.