Overview

Chinese Government offers Thai Mobile telecom company B20 billion loan for upgrade to 3G communications

Commitments (Constant USD, 2023)$962,818,884

Commitment Year•2007Country of Activity•ThailandDirect Recipient Country of Incorporation•ThailandSector•CommunicationsFlow Type•Loan

Status

Project lifecycle

Pipeline: Pledge

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jul 1, 2007

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

Government Agencies

Unspecified Chinese Government Institution

Receiving agencies

State-owned companies

TOT Public Company Limited

Loan desecription

Chinese Government offers Thai Mobile telecom company B20 billion loan for upgrade to 3G communications

Interest type•Unknown

Narrative

Full Description

Project narrative

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).