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Article: Thai Mobile Seeks to Revise Subcontracts as Losses Mount.

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Knight Ridder/Tribune Business News
Article date:
June 14, 2004
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By Komsan Tortermvasana, Bangkok Post, Thailand Knight Ridder/Tribune Business News

Jun. 14--Thai Mobile, the cellular venture 58 percent owned by TOT Corporation and 42 percent by CAT Telecom, is looking at revising its contracts with Samart Corporation and International Engineering, as losses mount on a monthly basis.

The revision was being considered because the company felt that its subcontracts with Samart E-Trading, a subsidiary of Samart Corp, and IEC, were unfair, said Wasukree Klarpiree, Thai Mobile's chief executive officer and also senior executive vice-president of TOT.

Other changes in the company would also be necessary in ...

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