Telecom trade watched
Focus on firms not entering 3G bids
The Securities and Exchange Commission is looking into the share price movements of some listed telecom companies for evidence of speculation ahead of this month's 3G wireless broadband licence auction.
The prices of the companies in question rose in a range of 17% to 60% in August but fell sharply yesterday after some of them failed to submit bid documents by Monday's deadline, said an SEC official who declined to be named.
Eighteen companies picked up bidding documents from the National Telecommunications Commission (NTC) from Aug 1-29 but only three submitted formal bids on Monday.
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- Writer: Srisamorn Phoosuphanusorn and Komsan Tortermvasana
