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Full Version: Thai telcos 'on hold': interventionist junta's first economic casualty
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I do agree the cost is too high to hold the auction. The same for the illegal Cambodian worker issue.

Anyway, what can we expect? Managing a country is not the forte of the junta, but maintaining a discipline is...

Thai telcos 'on hold': interventionist junta's first economic casualty
23 Jun 2014 06:02
[BANGKOK] Thailand's telecoms sector is fast emerging as the first economic casualty of an interventionist junta in a country that has swung between democratic and military rule more times than any other nation in Southeast Asia.

The government led by General Prayuth Chan-ocha halted an auction of 4G bandwidth last week after giving its blessings to the tender in May when it came to power.

Telecoms analysts say the suspension could lead to US$4 billion in investment and revenue losses in a sector that accounts for a tenth of Thailand's GDP. A prolonged delay could also cause mobile service disruptions.
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Source: Business Times Breaking News