Monday, May 21, 2007

Advanced Info, Thailand Phone Rivals Face Higher Fees Under New Contracts

(Bloomberg) -- Advanced Info Service Pcl, Total
Access Communication Pcl and True Corp. may be forced to pay
higher fees to Thailand's government after lawmakers said their
contracts breached rules and will be renegotiated.

The Council of State, the government's legal advisory body,
said the companies' operating concessions were changed by the
previous administration without required Cabinet approval. New
contracts will be negotiated in the next two to three months.


Read more at Bloomberg Emerging Markets News

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