ASEAN KEY DESTINATIONS
China Telecom opens Thailand office
The world's largest wireline and broadband operator along with China Communications Service of Hong Kong to open a Bangkok office as part of its strategy to expand presence in Southeast Asia. The move raises speculation that China Telecom is paving the way to establish itself locally including entering the mobile phone sector.
Suphachai Chearavanont, the president and chief executive of True Corporation, said the move by the Chinese company was unrelated to plans by his company's mobile flagship True Move to seek a foreign strategic partner.
However, China Telecom would likely jump into the international roaming service or international gateway provider segments in Thailand, he said.
True Corporation executives attended yesterday's opening ceremony.
"With the acceleration of economic globalisation, more international markets are opening up," said Deng Xiaofeng, the board chairman and chief executive of China Telecom (Hong Kong) International Ltd.
He said rapid growth in the global economy has created high expectations for the telecommunications industry. To gain a solid market position, China Telecom and Thai operators must establish partnerships to take advantage of the new global opportunities and develop bilateral operations.
Mr. Deng said China Telecom would use the Thai office to offer diversified communications solutions to local operators.
China Telecom has branches in Asia, North America and Europe. Its Asia-Pacific locations include Hong Kong, Singapore, Japan, Vietnam, Indonesia, Kazakhstan and Australia.
As of December 31, China Telecom had 175 million fixed lines in service, 63.5 million wireline broadband subscribers and 90.5 million mobile subscribers.
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