TelecomAsia Corp Ltd of Bangkok, Thailand has chosen Nynex Corp’s Nynex Network Systems Co as the finalist for a strategic partnership in expansion of the telephone network in Bangkok: the project calls for construction of a 2m-line overlay network linked to the present 1.2m-line national network and the international gateway exchange, and run it for 25 years; Nynex will take a 10% stake in TelecomAsia, to become the second largest shareholder after Charoen Pokphand Group; the five-year construction schedule calls for capital expenditures estimated at $2,500m to $3,000m including the stake in TelecomAsia, vendor financing, and operating income to be reinvested in the network.
