extended our services into the mobile telecommunications segment through a subsidiary, Bangkok Inter Teletech Public Company Limited (BITCO) (the parent company of TA Orange), by acquiring 41.1 percent equity interest in BITCO in October 2001. Full commercial launch of TA Orange’s mobile services took place in March 2002. TA Orange was rebranded “TrueMove” at the beginning of 2006. They gradually increased our shareholding in BITCO to 93.4 percent by the end of 2006. In December 2007, a rights offering of BITCO shares left True’s shareholding in BITCO at 75.3 percent, with CP owning 23.9 percent.

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