TOT TO INVITE PRIVATE FIRMS TO FIND PARTNER

TOT hopes to launch the service by the third quarter of this year. It expects revenue of between Bt700 million and Bt800 million from the 2.3GHz service this year.
The state agency recently submitted the revised business plan of its 2.3GHz service for the consideration of the National Broadcasting and Telecommunications Commission.

THAI UNION DEBENTURES|ARE GIVEN ‘AA-’ RATING

TRIS Rating has assigned “AA-”  rating to the proposed issue of up to Bt12 billion in senior unsecured debentures of Thai Union Group PLC (TU).
The outlook remains “stable”. The assigned rating for the issue replaces the rating for the proposed issue of up to Bt10 billion announced on November 24 as the company decided to increase the bond size. The proceeds from the new debentures will be used to repay TU’s existing debts and fund planned capital expenditure. 
The ratings reflect TU’s strong market position as one of the world’s leading tuna processors, the diversity of its products and markets, and the group’s well-known brands in Europe and the United States. These factors are partially offset by the inherent volatility of raw material prices, exposure to the industry-wide effects of disease outbreaks, fluctuations in foreign exchange rates, and changes in the regulatory frameworks regarding trade barriers and the fishing industry, TRIS said.