IT Firm Sues Thaicom Over Mfone Ownership
Thai information technology firm Infobahn Co. Ltd. has filed a lawsuit against telecommunications conglomerate Thaicom Public Company Ltd. for breaching an agreement made last year to sell 41.14 percent of its shares, a deal that also includes a 51 percent stake in the Cambodian mobile phone operator Mfone. According to a notice issued by The Stock Exchange of Thailand last week, Infobahn founder and former Thaicom CEO, Dumrong Kasemset, is suing both Thaicom and one of its shareholders, InTouch, formerly known as Shin Corp., after Shin Corp. failed to sell its shares to his company. …
