CAT seeks relaxed rules as it plans 'superboard' rehab

Corporate July 24, 2014 00:00


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CAT TELECOM wants the government to relax some regulations to help it run its business much more efficiently, and it will propose a rehabilitation plan next month to the "superboard" overseeing state enterprises, said CAT president Kittisak Sriprasert.

CAT plans to seek more revenue to compensate for lost income from the transfer of telecom concession fees to the Finance Ministry, which started last year.

He said CAT needed regulations to be relaxed, such as the one barring two state agencies from bidding on the same thing at the same time. CAT is considering joining the planned auction of bandwidth on the 1,800-megahertz spectrum next year.

“We still want to operate our own spectra for broadband and mobile services, as it is a new source of revenue,” he said.

This year, CAT expects Bt1.7 billion in profit on Bt55 billion in revenue. It is expected to earn around Bt30 billion in revenue from wholesaling bandwidth on the 850MHz spectrum under its partnership with True group for third-generation cellular service.

In the first half of this year, CAT reported Bt602 million in profit on revenue of Bt25.2 billion, well above the |earlier profit target of Bt123 million, which the state telecom agency puts down to good management of operating costs.

On Tuesday, CAT’s new executive board, chaired by General Sirichai Distakul, assistant commander-in-chief of the Royal Thai Army, held its first meeting to get going on its rehabilitation plan, which it wants to present to the superboard next month.