TOT may list two new subsidiaries on SET | Bangkok Post: business

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TOT may list two new subsidiaries on SET

Tower, transmission units to be established

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TOT Plc says it is drafting the shareholding structure of two new subsidiaries being set up to own its mobile base stations and related transmission assets. 

The state telecom enterprise will hold no more than 49% of the two new entities, Tower-sharing Co and Transmission Co. Three funds will own a total of 50% and private telecom companies will own 1-2%.

The TOT subsidiaries will be established in October and subsequently listed on the Stock Exchange of Thailand (SET).

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