TOT, True both launch 12Mbps broadband Internet

TOT president Varut Suvakorn said the company had launched 12Mbps and 8Mbps services - with a month¬ly charge of Bt1,500 and Bt1,000, respectively - to meet the demand for faster Internet speed.

TOT plans to invest Bt3.4 billion to improve its broadbandInternet network until next August, as highspeed Internet will be a major revenue earner in the near future, he said.

TOT still targets 1 million broad¬bandInternet subscribers, despite a reduction in service charges and faster connection speeds offered by competitors. It currently has 800,000 subscribers.

Its broadband service contributed revenue of Bt2.7 billion in the first half of the year, up 47 per cent from the same period last year.

True Corp, meanwhile, has intro¬duced a 12Mbps service and offers free use for two months to subscribers currently using its 8Mbps network. The new service is expected to cost Bt1,699 per month.

The company expects to increase the number of subscribers from 500,000 to 700,000 by yearend.