Business Services Industry
Thai Telephone Company to Take Over Pager Unit.
Knight Ridder/Tribune Business News, June, 2002
Bangkok Post, Thailand Knight Ridder/Tribune Business News
Jun. 7--The Telephone Organisation of Thailand board has agreed to take over Shin Corporation's paging service and will begin operating by itself next month.
A TOT source said that the paging service, now operated by Advanced Paging, claimed it was running at a loss and therefore wanted to return the concession to the TOT.
The paging service under the Phonelink service brand now has only 40,000 subscribers, down from its peak of 500,000 in 1996. Its concession expires in three years.
The source said that Advanced Paging had agreed to all the TOT's requests when it sought to return the concession. These included paying a 20-million-baht minimum guarantee provided for in the...
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