LARIFIES FOR NEWS CONCERNED WITH TOT
13 October 1997
ADVANC clarifies for news concerned with TOT
According to the news regarding Advance Info Service Plc.
proposal to the Telephone Organization of Thailand (TOT) to convert
the conversion agreement into the joint venture agreement. We would like
to inform that ADVANC is interested in the conversion of the concession
agreement and is in the consideration process. However, the details of
the terms and conditions are not yet conclusive. If there is any futher
advancement, we will inform the SET at once.
Comment : Please verify details in Public SIMS.
Translated by The Nation