The permit will help Telenor ASA-backed Total Access Communication ensure continuity of service as some of the operator’s concessions expire in September.
The Thai military government views its so-called Eastern Economic Corridor project as well placed to link with China’s Belt and Road Initiative.
The second fund will follow the launch of the long-delayed Thailand Future Fund this September to finance road building.
Foodpanda, Line Corp.’s Line Man and Uber Eats are all trying to woo customers in a market they see as underdeveloped compared with Hong Kong or Singapore.
The long-delayed Future Fund was due for an initial public offering by March last year under an earlier timeline.
Thailand is seeking to set up an investment holding company next year for government shareholdings.