Advanced Info Service (AIS) says it remains committed to acquiring fixed broadband provider Triple T Broadband (TTTBB) and investing 19% in Jasmine Broadband Internet Infrastructure Fund (JASIF), even though JASIF shareholders rejected AIS's proposed amendments to optical fibre cable (OFC) rental agreements between TTTBB and JASIF.
Shareholders of Jasmine International Plc (JAS) have approved a deal in which Advanced Info Service (AIS) Plc will acquire its subsidiary Triple T Broadband (TTTBB), a fixed broadband operator, and buy 19% of Jasmine Broadband Internet Infrastructure Fund (JASIF) for 32.4 billion baht in total.
Bangkok Bank (BBL) has pledged to extend the repayment date and reduce the interest rate on a loan worth 13.3 billion baht which Jasmine Broadband Internet Infrastructure Fund (JASIF) still owes, if the fund's unitholders approve Advanced Info Service (AIS)'s purchase of the fund's units held by Jasmine International (JAS).
The move by Thailand's largest mobile service provider, Advanced Info Service (AIS), to purchase Triple T Broadband Plc and an infrastructure fund for 32.42 billion baht threatens a telecoms monopoly, the Thailand Development Research Institute (TDRI) warned on Monday.