China offers Thai Mobile telecom company B20 billion loan for upgrade to 3G communications
Pledged amount
$ 1042611159.4291213
Adjusted pledged amount
$ 1042611159.4291213
Constant 2021 USD
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
Summary
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Thailand
Sector
Communications (Code: 220)
Flow type
Loan
Level of public liability
Unallocable
Infrastructure
No
Category
Project lifecycle
Description
In July 2007, the Chinese government pledged to loan 20 billion Baht to Thai Mobile (TOT), a Thai telecommunications company, to upgrade their services to support 3G communications. Under the conditions of the loan, TOT would have to buy network equipment from Chinese vendors. The loan would also have be repaid within 10-15 years. Ultimately, the project does not seem to have materialized, as the loans for it were eventually arranged by Bank of Audhya PCL and United Overseas Bank (Thai).
Number of official sources
0
Number of total sources
10
Details
Cofinanced
No