China offers Thai Mobile telecom company B20 billion loan for upgrade to 3G communications
Constant 2017 USD
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Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Communications (Code: 220)
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
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