Advanced Info Service Plc (ADVANC) was resolved by the 4/1997 board meeting held on Jul 31, 1997 to secure long-term loans worth US$93 m or Bt2.97 b extended by BA Asia Limited and Singaporian-based Svenska Handelabanken AB. This loans are purposely spent on the purchase of telecommunition devices from Ericson Co during 3 years with 6-month Libor interest rate plus a rate per annum.