The National Broadcasting and Telecommunications Commission (NBTC) will move to ensure telecommunications infrastructure funds comply with telecom law.
A regulation to be introduced this month will require companies to hold a type-3 licence showing they have their own network infrastructure if they want to manage such a fund.
Col Settapong Malisuwan, chairman of the NBTC's telecom committee, said the proposed regulation is aimed at ensuring compliance with the Telecommunications Business Act.
The rapidly growing number of infrastructure funds necessitates a greater degree of governance, he said.
True Corporation was the first telecom to announce its own infrastructure fund, aimed at raising at least 70 billion baht.
This was followed last month by Jasmine International, which announced plans to establish an infrastructure fund worth 50-70 billion baht.
The two state telecoms TOT Plc and CAT Telecom have been told by the information and communication technology minister to conduct feasibility studies into setting up their own infrastructure fund.
Mobile leader Advanced Info Service and second-ranked Total Access Communication are themselves closely monitoring the move by True, with plans to launch their own infrastructure funds if True's proves successful.
Col Settapong said telecom infrastructure funds will be co-governed by the Securities and Exchange Commission and the NBTC. The securities authority will grant fund permission, while the telecom regulator will rule on fund management and operations.
The new regulation is expected to be approved by the telecom committee this month, taking immediate effect, said Col Settapong.
Telecom infrastructure funds are one of seven types of infrastructure fund.
Col Settapong insisted only companies with a type-3 licence will be allowed to manage and operate one.
Licences may be obtained from the NBTC.
About the author
- Writer: Komsan Tortermvasana
Position: Senior Business Reporter