Project ID: 35093

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

Pledged amount

$ 904797358.7

Constant 2017 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

Concessional

Vague

Category

Intent

Mixed (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2007

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 unofficial sources

10

Download the dataset

Details

Cofinanced

No

Loan type

No Information

Gurarantee provided

No

Insurance provided

No