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Thai Pm Says 4G Auction Funds Will Be Spent On Infrastructure, Farmers

Ron Burgundy

By Ron Burgundy,
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Ron Burgundy

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Thailand's PM Prayuth attends the plenary session of leaders at the 27th ASEAN summit in Kuala LumpurBy Amy Sawitta Lefevre BANGKOK (Reuters) - Thailand's prime minister said on Thursday that $2.26 billion raised from a 4G mobile license auction would be used to fund infrastructure projects and to help low-income people, including farmers. Thailand's leading mobile operators Advance Info Service Pcl and True Corp won the auction for fourth generation mobile frequency licenses on Nov. 12, which was held by the National Broadcasting and Telecommunications Commission. "There are many projects we are considering doing with the money raised including investment in railways and helping those with low incomes including farmers," Prime Minister Prayuth Chan-ocha, told reporters.




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