By The Nation

TOT is worried about missing out on business opportunities because a new government is needed to endorse its participation in three major submarine-cable projects.

The state telecom enterprise has already lost the chance to join the Asia-Africa-Europe 1 (AAE-1) consortium.

“TOT can't make the first payment on the due date, so TOT had to withdraw from the project,” TOT chairman Suchart Wongananchai said.

TOT had planned to inject US$5.2 million (Bt168 million) or 10 per cent of the $52-million project as a first instalment as a consortium member last month.

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