TOT ‘could face Bt8-bn loss’ if business mergers with CAT fail
By USANEE MONGKOLPORN
THE NATION

 

BANGKOK: -- STATE telecommunications agency TOT could lose Bt8 billion this year if it fails to merge three core businesses with CAT Telecom, TOT president Montchai Noosong said.

 

The loss would be mainly due to depreciation of the value of its telecom transmission network, he added.

 

The State Enterprise Policy Commission this week acknowledged the plans of TOT and CAT to merge their international Internet gateway and data-centre businesses into one company, NGDC (Neutral Gateway Network & Data Centre Co), and their broadband Internet businesses into a company that will be named |NBN (National Broadband Network Co). 

 

These new companies are supposed to get off the ground by July as ordered by Prime Minister Prayut Chan-o-cha, Montchai said. 

 

Full story: http://www.nationmultimedia.com/news/business/corporate/30303932

 

-- © Copyright The Nation 2017-01-12

How can the merger fail to happen when the great one has ordered it? Insubordination... off with their heads !!!

As both are majority state-owned they will just write-off any loss and continue on.   And then the govt will just say they will be profitable in the future.  Kinda like Thai Airways.

3 hours ago, Pib said:

As both are majority state-owned they will just write-off any loss and continue on.   And then the govt will just say they will be profitable in the future.  Kinda like Thai Airways.

Just more debt for Thais ... but shouldn't affect the military's budget.