LARIFIES FOR NEWS CONCERNED WITH TOT

13 October 1997
According to the news regarding Advance Info Service Plc proposal to the Telephone Organisation of Thailand (TOT) to convert the conversion agreement into the joint venture agreement. We would like to inform that ADVANCE 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. Typed by The Nation