National Telecom (NT) has cut 1 billion baht from its investment budget of 6 billion for 2024 operations to ease its financial burden. The reduction was part of a budget for network investment and equipment purchases, and will not affect NT's service quality. The board has assigned management to review other expenditure items to reduce the investment budget by a further 500 million baht. NT has 12,800 employees, down from around 15,000 in 2021 when TOT and CAT telecom merged to form NT. NT is attempting a business turnaround plan to create new revenue streams. After 2025, NT will hold only its telecom assets and operate on some spectrum ranges. NT recently signed an exclusive contract worth 670 million baht with Dhanarak Asset Development to upgrade fibre network and WiFi access for buildings A, B, and C. (ICE BANGKOK)

Fonte notizia: Bangkok Post