Thai telcos 'on hold': interventionist junta's first economic casualty
Published on Jun 23, 2014 7:17 AM
BANGKOK (REUTERS) - Thailand's telecoms sector is fast emerging as the first economic casualty of an interventionist junta in a country that has swung between democratic and military rule more times than any other nation in Southeast Asia.
The government led by General Prayuth Chan-ocha halted an auction of 4G bandwidth last week after giving its blessings to the tender in May when it came to power.
Telecoms analysts say the suspension could lead to US$4 billion (S$4.99 billion) in investment and revenue losses in a sector that accounts for a tenth of Thailand's GDP.
A prolonged delay could also cause mobile service disruptions.
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