TELECOMMUNICATIONS
TOT3G looks on track for massive losses
- Published: 14 May 2012 at 00.00
- Newspaper section: Business
TOT3G Co, a subsidiary of the state-owned TOT Corporation, is under heavy scrutiny for failing to reach targets for financial performance and subscribers.
Information and Communication Technology Minister Anudith Nakornthap is due to meet with the TOT board today to discuss the problem.
The internet service unit is struggling financially under the weight of interest and penalties on its project loans due to its failure to meet certain targets tied to the expansion of third-generation (3G) broadband service.
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