Samart, Loxley Gain Ahead of Auction for Mobile Network Project

Samart Corp. and Loxley Pcl gained in Bangkok trading as the companies began bidding for a project to expand a 17.4 billion baht ($562 million) high-speed mobile- phone network for Thailand’s state-owned TOT Pcl.

Samart, a telecommunication service provider, rose 6.7 percent to 8.75 baht as of 10:25 a.m. local time, set for the largest gain since Sept. 22. Loxley advanced 6.9 percent to 2.80 baht.

The companies are bidding in a group including Huawei Technologies Co. and Nokia Siemens, Arnon Tubtiang, TOT’s senior executive vice president, said on Jan. 10. A competing group includes Advanced Information Technology Pcl and a unit of Alcatel-Lucent SA.

To contact the reporter on this story: Anuchit Nguyen in Bangkok at anguyen@bloomberg.net

To contact the editor responsible for this story: Tony Jordan at tjordan3@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.