CLARIFY THE NEWS OF ADVANC
08 September 1999
September 8, 1999
Re: Clarify the news concerning ADVANC's investment for
the year 2000
According to the news that Advanced Info Service Plc. (ADVANC)
will expand its investment in GSM network for the year 2000 of
approximately Baht 10 billion and look for the funds from debt
instrument of approximately Baht 6-7 billion.
The Company would like to clarify that the aforementioned
investment is from the preliminary study and the final plan
will be proposed for approval by the Company's executive
committee by the end of this year. In case the Company gets
an approval, part of the funds will be provided by the cash
on hand and cash flow from operations. In case that the Company
needs additional source of funds, the Company will consider
from the debt instrument as priority due to the current low
debt to equity ratio of 0.8 to 1.
Yours sincerely,
-signed-
Siripen Sitasuwan
Director
Advanced Info Service Plc.