Mobile LTE, a Thai consortium of ICT and oil trading firms, said it is ready to boost its capital 20-fold to THB100 million ($3.06 million) to finance state-owned TOT’s 4G network buildout, the Bangkok Post said.
The move to raise its capital would start if TOT selects it as its private partner from a shortlist of three companies – AIS, Loxley and Mobile LTE – announced in January. TOT is expected to name its joint-venture partner to develop the 2.1GHz network by April.
Mobile LTE has proposed renting 15MHz of spectrum from TOT for five years and has committed to signing up 10 million subscribers and generating THB2.5 billion in revenue a year, the Post reported. TOT has 5,200 2.1GHz base stations that it would rent out.
Mobile LTE is 20 per cent owned by Advanced Information Technology (AIT), which generated almost half of its revenue last year from IT projects at TOT and CAT