CAT to be split into two

CAT to be split into two

BANGKOK: The Communications Authority of Thailand (CAT) will split into separate telecommunications and postal companies next month as part of a privatization plan, a report in The Nation newspaper said on Thursday.

The plan was approved on Wednesday by the State Enterprise Policy Committee (SEPC), the report said.

CAT Telecom is to oversee existing voice and data services, including international call handling, while Thailand Post will remain a wholly state-owned body overseeing postal services, according to the report.

CAT Telecom will undertake preparations for an initial public offering and listing on the Stock Exchange of Thailand.

Deputy Prime Minister and chairman of the SEPC Somkid Jatusripitak was quoted as saying the listing was likely to draw foreign investor interest. -AFP