Last March, the Central Bankruptcy Court took TT&T, a fixed-line telecommunications service provider in the provinces, into absolute receivership after deciding not to extend its rehabilitation plan.
The court had ordered TT&T to come up with a rehab plan in November 2008, and approved the plan in December 2010.
TT&T has a 25-year concession from TOT that expires next year to operate 1.5 million fixed lines. As of September, it had about 400,000 subscribers.
True Corp’s concession from TOT to operate a fixed-line telephone service in the Bangkok metropolitan area will end next year.
TOT president Montchai Noosong has said that TOT was ready to take care of the subscribers of both providers after their concessions expire.