TrueMove and CAT Telecom in talks on buying back network

 TrueMove and CAT Telecom in talks on buying back network

Breaking News. Image: GoodManPL (Pixabay).



Thailand’s CAT Telecom is in talks with TrueMove on the latter’s plan to buy back its cellular network, which TrueMove has reportedly proposed to buy for about Bt10 billion.

CAT chief executive officer Jirayuth Rungsrithong said a CAT panel is in talks with TrueMove on the matter.

The talks are in line with the recent approval in principle by CAT’s board for the state agency to hold talks with its three private cellular concession holders on possible sale of their networks back to them before their concession terms end.

Read more: The Nation



TN

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