BANGKOK, March 6 (Reuters) - Thai telecommunications group True Corporation PCL plans to invest 26.5 billion baht ($820 million) this year, primarily to expand its mobile and high-speed broadband Internet businesses as it targets revenue growth of 7 to 9 percent.
True, majority-owned by billionaire Dhanin Chearavanont’s Charoen Pokphand Group, plans to spend 15.5 billion baht on mobile, 10 billion baht on broadband and 1 billion baht on cable television, the company said in a statement on Thursday.
True is Thailand’s only company operating a full range of telecoms services, from mobile and fixed-line phones to broadband Internet and cable television.
In December, the company raised $1.8 billion by listing an infrastructure fund to help pay debt.
$1 = 32.3100 Thai baht Reporting by Khettiya Jittapong; Editing by Christopher Cushing