True Corp's fixed line and broadband division, True Online, says that it will invest around THB8 billion (USD250 million) in the short term in its True Internet broadband operations, with the expenditure going towards projects including expanding high speed infrastructure to serve businesses in provincial areas. Bangkok-based True, which is the broadband market leader in the capital in terms of subscribers, plans to cover 36 provinces by the end of 2012 with high speed fixed network services, and 61 of Thailand’s 77 administrative regions (76 provinces plus Bangkok) by the end of next year, before continuing the rollout nationwide. The expansion plan was announced by Charoen Limkangwanmongkol, chief commercial officer of True Online, and reported by Thai newspaper The Nation.
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OVETEL True earmarks USD250m for fixed broadband expansion; attacking provincial, corporate segments
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