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Thailand’s AIS to spend $1.4bn on 3G
22 July 2010
AIS will invest $1.4bn over the next three years on building its 3G network across Thailand
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AIS
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Thailand-based Advanced Info Service will invest $1.4 billion on 3G infrastructure over three years. The mobile phone operator will install a 3G network after getting a licence.
The company is planning to spend nearly $465 million each year over the next three years. The first two years’ investments will cover 50% of the country, while it will take nearly four years for 80% coverage.
AIS, which is 21.4% owned by Singapore Telecommunications, will look at several options to raise funds for investment in the network after it gets the licence, whose purchase price has been set at $396 million on the new 2.1 gigahertz spectrum by the National Telecommunication Commission.
The regulator, which is planning to hold an auction in the third week of September for so-called 3.9G mobile services, will convert its existing 2G mobile concessions into licences. GTB