Cabinet nods to merger, state units in NBTC auction

[snoop1130]

Cabinet nods to merger, state units in NBTC auction

By THE NATION

 

DE Minister Puttipong Punnakanta

 

The Cabinet on Tuesday (January 14 ) approved the participation of state telecom agencies CAT Telecom and TOT in a spectrum auction, to be held by the National Broadcasting and Telecommunications Commission on February 16.

 

The Cabinet also gave the greenlight to the proposed merger between TOT and CAT under the single entity of National Telecom Co (NT). 

 

The new company will be 100 per cent owned by the Finance Ministry. Both parties will have to complete the merger process in the next six months, said Minister of Digital Economy Puttipong Punnakanta.

 

Source: https://www.nationthailand.com/business/30380553

 

-- © Copyright The Nation Thailand 2020-01-14

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[Pib]

The govt should just privatize both companies, but that's not going to happen because that means the govt would lose the ability to create a govt controlled Great Thailand Firewall if the govt ever decides to get really serious about monitoring/controlling the internet, communications, etc., like how China does it.

 

[tomazbodner]

18 hours ago, snoop1130 said:

proposed merger between TOT and CAT under the single entity of National Telecom Co (NT). 

TotenCat sounds so much better...

[johng]

 a nods as good as a wink to a blind badger,know what I mean ? nudge nudge wink wink ????

[Srikcir]

On 1/14/2020 at 6:51 PM, snoop1130 said:

participation of state telecom agencies CAT Telecom and TOT in a spectrum auction

 

On 1/14/2020 at 6:51 PM, snoop1130 said:

The new company will be 100 per cent owned by the Finance Ministry.

More socialism?

Less democratic free-enterprise?

To think Thailand fought communism that is a system wherein the State controls the means of production.