Vientiane Times reported today, that ThaiCom, big shareholder in Lao Telecom is considering pulling out of Laos. As reason was given "poor performance". What I was wondering about was the fact that Lao Telecom is the number one in the market. As a state owned company they do have certain advantages.
How is it possible, that the shareholder is not happy about his revenue (if there was any)? My guess: Too much money doesn't go where it belongs too. But if Thaicom really pulls out, it would send a very bad signal for the Lao economy and investment climate. When it is not possible to make profit in the emerging mobile business in Laos what industry then can be a success (beside mining and hydropower, but even the latter so huge delays in new hydropower plants).