Photo Release: SCB-KTB lead banks to provide 21 billion baht in financial support to TrueMove H

Stocks and Financial Services Press Releases Wednesday March 13, 2013 14:11
Bangkok--13 Mar--Siam Commercial Bank

(pictured above): Mr. Suphachai Chearavanont (centre) President & CEO of True Corporation Plc hosted a Thank You Party on the occasion that Real Future Co Ltd, a subsidiary of True Group, received financial support of Baht 21 billion from four leading banks. The major lenders include Siam Commercial Bank PCL (SCB) led by its president, Mrs. Kannikar Chalitaporn (2nd from left) and Krungthai Bank (KTB) by Mr. Vorapak Tanyawong, President (2nd from right). Other co-lenders are Export-Import Bank of Thailand (EXIM Bank) led by Mr. Kanit Sukonthaman, President (far right) and United Overseas Bank (Thai) UOB by Mr. Peter Foo Moo Tan President & CEO (far left). The Thank You Party was held recently at the Mandarin Oriental Hotel Bangkok.

Real Future Co Ltd, the IMT 2.1 GHz spectrum license holder, is ready to increase its investment in wireless telecommunications networks under the “True Move H” brand. With financial support provided by the country’s four leading banks, the company will continue to develop the network infrastructure into a complete lifestyle network by integrating various technologies on a wide range of frequencies to fulfill requirements based on customer’s lifestyles effectively and seamlessly. This will make TrueMove H the best 3G service provider. The company plans to rollout comprehensive and quality 3G and 4G networks with the widest coverage, and will also be the first operator to offer the latest 4G technology to consumers in Thailand which will support the growing demand for data services. TrueMove H is ready to usher in a new high speed wireless era that will elevate Thailand's telecommunications industry to be on a par with global standards.

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