Notification of MOU singed between ADVANC and TOT
21 มกราคม 2551
-Translation-
AIS-CP 007/2008
21 January 2008
Subject: Notification of Memorandum of Understanding singed between
Advanced Info Service Public Company Limited and TOT Corporation
Public Company Limited
To: The President
The Stock Exchange of Thailand
Advanced Info Service Public Company Limited ("the Company") would like to
notify that today the Company and TOT Corporation Public Company Limited
("TOT") signed the Memorandum of Understanding (MOU) in which both companies
initially agreed in principle to co-operate and support businesses of each
other. Each company would maximize its current expertise and remain on its
strong area. TOT would focus on wire network while the Company would focus on
wireless network.
The co-operation features the idea of "Fixed Mobile Convergence (FMC)" to
utilize existing networks more efficiently and to co-develop new products and
services in response to the dynamic changes of technology and consumer
lifestyles. The integration of wireline and wireless technologies is to
provide greater benefits to consumers. From this co-operation, the Company
and TOT aim to minimize the investment redundancy and co-utilize resources
and facilities more efficiently.
This agreement shall not have any impact to cancel, revoke or override the
existing contracts or agreements stipulated before the date of this MOU signed.
Currently, the Company and TOT are exploring possible opportunities of any
future projects together. Shall there be any details or progress on such
co-operation, the Company will disclose the detail to the SET immediately
Please be informed accordingly.
Yours faithfully,
-Signed-
Mr. Pong-Amorn Nimpoonsawat
Chief Finance Officer
Advanced Info Service Plc.