Somchai Lertsutiwong, chief executive of Advanced Info Service (AIS), is expected to continue his leadership role at the country's leading mobile operator for one or two more years following his scheduled retirement at the end of this year, according a source at AIS's parent company InTouch Holding.
AIS announced its acquisitions of Jasmine International broadband units is going ahead despite certain conditions set for the buy being rejected when the deal was announced.
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.
Advanced Info Service's (AIS) plan to acquire fixed broadband provider Triple T Broadband (TTTBB) and invest 19% in Jasmine Broadband Internet Infrastructure Fund (JASIF) is now shrouded in uncertainty after JASIF unitholders rejected AIS's proposed amendments to optical fibre cable (OFC) rental agreements between TTTBB and JASIF.