TOT's 3G plan stalls

The Nation | March 2, 2011 | Usanee Mongkolporn
TOT’s board will have to delay its plan this week to consider approving the 3G-network contract, following the resignation of one more director yesterday.
A TOT source said that when Sayan Satangmomgkol tendered his resignation, a political attempt was immediately made to lobby him to change his mind but he did not relent.
His exit, following the resignations of five directors last week, leaves only six directors on the board, not enough to form a quorum to consider key decisions this week.
The board can hold meetings if it has over half of the 12 directors plus TOT’s president.
Now the board has only half of the directors and only an acting |president. Political pressure was reportedly brought to bear on TOT’s board to hurry consideration of |the 3G contract, but Information and Communications Technology Minister Chuti Krairiksh has |denied it.
The resignation of directors recently follows pressure from many sides.
Chuti recently urged them to press claims for damages against Advanced Info Service for losses from the AIS concession amendments. AIS informed the TOT board it might consider taking legal action against each of the directors over the matter to defend its business.
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