Axiata Not Participating in Thai 3G License
Published on: 25th Aug 2010
Note -- this news article is more than a year old.
Malaysia's Axiata Group has said that it wont be bidding for a 3G license in Thailand when they are offered later this year. The company was recently reported to be considering bidding in partership with its local subsidiary, Samart.
"Samart happens to be our affiliate. We own 19.8 per cent of Samart Corp and 24 per cent directly of SIM. But the (news) that we are joining them for the bid is not true," Chief Executive Officer, Datuk Jamaludin Ibrahim told reporters after announcing the company's financial results.
Samart, through its Samart I-Mobile (SIM) subsidiary, was reported to be in negotiations with Malaysia's Axiata (formerly Telekom Malaysia) and another unnamed Asian-based telecom firm for a possible joint venture to bid for a 3G licence.
Samart's President, Watchai Vilailuck recently added that if Samart did decide to enter a 3G bid, the company would hold at least 51% in the venture with a partner committed to providing full financial support and technical expertise.