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Technology Stocks : Nortel Networks (NT) -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (13537)	4/3/2003 12:19:47 PM
From: waitwatchwander	Respond to of 14638

CAT board changes could bring scrutiny bangkokpost.com Komsan Tortermvasana A top executive of the Communications Authority of Thailand has acknowledged that the presence of a private-sector executive on the CAT board could arouse increased public scrutiny. Senior executive vice-president Prajin Khaecharanant made the comment after the cabinet endorsed the appointment of Amnuaysak Toonsiri, a former executive of Ericsson who resigned last year, to the CAT board. Prior to working at Ericsson, Mr Amnuaysak was a lobbyist for the Swedish company, which has several major network contracts with public and private Thai telecom concerns. However, Mr Prajin also said the former executive's industry experience could be beneficial to the state agency's board. He also hoped that with the new board, the agency's CDMA mobile phone expansion project could proceed without any obstacles. The Nortel/Real Time consortium won the project with a bid of 32 billion baht. Ericsson and M-Link Asia Corp bid jointly but were eliminated. Nortel Thailand managing director Tom Kruesopon expressed concern that the new board might scrap the bid result in order to renegotiate a lower price. He said Nortel had already spent 100 million baht on the project, and if a new bid were called, it might not participate unless the new board could provide some clear answers.