Corrections pasted onto front end paper. / Bibliography: leaves 213-224. / xviii, 225 leaves : ill. ; 30 cm. / Title page, contents and abstract only. The complete thesis in print form is available from the University Library. / This thesis sets out to examine whether Thailand's BTO (build-transfer-operate) arrangement are worthwhile. Three issues are examined. (1) What is the market structure of the telephone industry in Thailand - is it still a natural monopoly? (2) Are there significant cost savings from the introduction of BTO regimes? (3) What is the impact of BTO regimes on social welfare? / Thesis (Ph.D.)--University of Adelaide, School of Economics, 1998

by Hui, Hung-Yung. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1997. / Includes bibliographical references (leaves 38). / EXECUTIVE SUMMARY / TABLE OF CONTENTS / ACKNOWLEDGEMENT / Chapter CHAPTER 1 --- INTRODUCTION / Chapter 1.1 --- Telecommunications in Thailand --- p.1 / Chapter 1.2 --- Summary of the Project --- p.2 / Chapter 1.3 --- Important Aspects of the Project --- p.5 / Chapter 1.3.1 --- The Concession --- p.5 / Chapter 1.3.2 --- Financing the Project --- p.7 / Chapter 1.3.3 --- Insuring the Project --- p.11 / Chapter CHAPTER 2 --- FINANCING AND SECURITY STRUCTURE / Chapter 2.1 --- Security Agreement --- p.13 / Chapter 2.2 --- Security Assignment --- p.13 / Chapter 2.3 --- Conditional Assignment of Concession to WTA --- p.14 / Chapter 2.4 --- Restriction on TA Activities --- p.14 / Chapter 2.5 --- Control over Project Cashflow --- p.15 / Chapter CHAPTER 3 --- CONSIDERATIONS FOR LIMITED RECOURSE FINANCING / Chapter 3.1 --- Line Installation and Subscription --- p.17 / Chapter 3.2 --- Project Completion and TA Risk --- p.18 / Chapter 3.3 --- Currency Exposure --- p.18 / Chapter 3.4 --- Business and Residential Line Mix --- p.19 / Chapter 3.5 --- Debt Service Coverage Ratio Analysis --- p.20 / Chapter CHAPTER 4 --- TELECOMASIA PROJECT RISK ANALYSIS / Chapter 4.1 --- Credit Risk --- p.22 / Chapter 4.2 --- Construction and Development Risk --- p.25 / Chapter 4.3 --- Market and Operating Risk --- p.27 / Chapter 4.4 --- Financial Risk --- p.28 / Chapter 4.5 --- Political Risk --- p.29 / Chapter 4.6 --- Legal Risk --- p.30 / Chapter CHAPTER 5 --- TELECOM PROJECT FINANCING IN ASIA / Chapter 5.1 --- Telecom Project Financing in Thailand --- p.32 / Chapter 5.2 --- Telecom Project Financing in Asia --- p.33 / Chapter CHAPTER 6 --- CONCLUSION --- p.35 / Chapter APPENDIX - --- "Debt Service Coverage Ratio, Return on Equity and Internal Rate of Return" --- p.37 / BIBLIOGRAPHY --- p.38