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).
i guess a lot of under table stuff...like some part of Cambodia with south korea too...now they start to pull the north korea in after the 52 floors end up just 10 floors without any information.
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