TrueMove announces investment of THB10Bn for network expansion (Thailand)

www.WirelessFederation.com/news: TrueMove, the Thai mobile operator, has reportedly that it will make an investment of nearly THB10 billion (USD294 million) over the next three years for network expansion and upgradation, including the rollout of 3G services. The True Corp subsidiary said it would use its own cash flow to finance the investment, although timing is dependent on the country issuing 2100MHz 3G licences expected to be auctioned by late 2009 or early 2010.