PLANET Signs Purchase Contract with “Bliss Planet” for High-Speed Internet Zone C Project

Planet Communications Asia Public Company Limited (PLANET) has informed after PLANET and Blisstel Public Company Limited had signed the Joint Venture agreement under the name of Bliss Planet Joint Venture with the objective for biding of the office of the National Broadcasting and Telecommunications Commission (Office of the NBTC) for the project of providing high-speed internet service in remote area (Zone C), Group 2 North 2 Region.
The related conditions for the role and responsibilities of joint venture concerning investment for the project, income and expenses, and controlling the project operation, are undertaken by Blisstel Public Company Limited. PLANET has right to sell materials and equipment including the rights of granting a priority entity to submit a sub-contractor agreement quotation. In case PLANET’s quotation price is the same price as others, PLANET will be selected as a sub-contract for this project. Bliss Planer Joint Venture won the tender and had signed the contract with the Office of the NBTC for this project since March 15th, 2019.

In this regard, PLANET would like to inform that PLANET had signed the purchase contract with Bliss Planet Joint Venture on May 24, 2019 which PLANET will provide materials and equipment to Bliss Planet Joint Venture for the project mentioned above.