TOT and CAT to get new directors in two weeks

TUESDAY, SEPTEMBER 20, 2011
TOT and CAT to get new directors in two weeks

The entire board of Thailand Post has stepped down while some directors of TOT have tendered their resignation to pave the way for the ICT Ministry to appoint new boards.

A source at the ICT Ministry said that Panthep Chamrasromrun was expected to be appointed new TOT board chairman. Panthep reportedly has close ties with former prime minister Thaksin Shinawatra. He is also a former board director of the Mass Rapid Transit Authority.

The TOT board had not held a regular meeting in the past two months following the ministry's plan to appoint a new board of directors.

TOT is also waiting for the new board to push ahead with the development of its plan to lease 3G capacity on its existing and upcoming 3G networks to interested firms. The plan is aimed at creating an additional income source.

ICT Minister Group Captain Anudith Nakornthap said last week that he expected to appoint the new board of CAT Telecom and TOT either this week or next week. The new boards will guide TOT and CAT to implement the government's policy of promoting ICT network expansion nationwide.