Thailand’s True Corp To Invest $1b In Mobile, Broadband This Year

Thailand’s True Corp To Invest $1b In Mobile, Broadband This Year

Thai telecommunications group True Corporation PCL plans to invest 26.5 billion baht this year, primarily to expand its mobile and high-speed broadband Internet businesses as it targets revenue growth of 7 to 9 per cent.

True, majority-owned by billionaire Dhanin Chearavanont’s Charoen Pokphand Group, plans to spend 15.5 billion baht on mobile, 10 billion baht on broadband and 1 billion baht on cable television, the company said in a statement on Thursday.

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