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Wireless

CAT board approves merger with TOT - report

Wednesday 11 July 2018 | 15:47 CET | News
Thai state-owned operator CAT Telecom's board has approved a resolution for the merger of TOT and CAT to become a "national telecom company". CAT expects this merger to create business strength, eliminate investment redundancy and create added value for existing assets of both state enterprises. The move is supported by CAT's labour union, while the permanent secretary of the Digital Economy and Society (DE) Ministry also agreed in principle, but said the merger requires consent from TOT, Bangkok Post reports. TOT's board and union are also expected to support the merger process if it is done

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Categories: Mobile & Wireless
Companies: CAT Telecom / National Telecom
Countries: Thailand
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