Thailand-based True Move is planning to invest about THB10 billion ($294 million) over a three-year period for the upgrada tion and expansion of its networks as well as for the rollout of 3G services.

Thailand-based True Move is planning to invest about THB10 billion ($294 million) over a three-year period for the upgradation and expansion of its networks as well as for the rollout of 3G services. The company will use its own cash flows to finance the investment. However, the rollout will depend on the issue of 3G licences, which is expected to take place by the end of 2009, and on the allotment of spectrum in the 2100 MHz band. At present, the company is operating a trial 3G network based on wirelessCDMA/high speed downlink packet access (W-CDMA/ HSDPA) technology in the Bangkok region in the 850 MHz frequency band.