Thai TOT seeks Japan partner
TOT Corp. PCL, Thailand’s state-owned telecommunication agency, is in talks with two Japanese firms in its search for a partner for its telecom unit to speed up its move to third-generation, or 3G, services. TOT expected to conclude the talks before launching its initial public offering (IPO) in late October, agency president Teerawit Charuwat told reporters.
He did not name the two firms, but a TOT official who declined to be identified said they were NTT DoCoMo Inc., Japan’s top mobile operator, and KDDI Corp., Japan’s second-largest telecoms operator. Full story Here.