TELECOMMUNICATIONS
Foreign-cap end urged
Move seen as way to promote competition
The Thailand Development Research Institute (TDRI) has advised the government to propose a new telecom law to allow 100% foreign-owned companies in the Thai telecom market, reasoning it is the best way to prevent the use of nominees.
TDRI vice-president Somkiat Tangkitvanich said the new law should replace the Telecom Business Law that caps foreign holdings in a Thai telecom business at 49% under the Foreign Business Law.
The National Telecommunications Commission (NTC) recently issued a regulation prohibiting activities that are tantamount to "foreign dominance" in the sector, but such regulations deterred foreign investors from competing in the 3G licence auction, he said.
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About the author
- Writer: Komsan Tortermvasana
- Position: Business Reporter
