NewTel Corporation is the second largest local mobile handset player in Thailand, with around eight per cent market share.

The company has a network of more than 3,000 sub-dealers and over 60 WellcoM partners in Thailand. In 2009, the company sold more than 7 lakh mobile phones through its network of partners, sub-dealers and retail stores.

“We are very pleased to have completed the acquisition of NewTel Corporation in Thailand. This move demonstrates Spice i2i's commitment to realise our vision — to become one of the leading mobility players in the local markets of the i2i (Ivory Coast to Indonesia) region. By leveraging NewTel Corporation's network, we will also become the first Singapore company to penetrate the Myanmar mobile communications market, bringing the mobility concept direct to the Myanmar consumers and making it more accessible for them,” said Dr B.K. Modi, Chairman of Spice Group.

“We have opened our first retail store in Myanmar through our local distributor on December 5. More of these are in the pipeline and we look forward to playing a bigger role in improving the communications framework of the Myanmar market. Moving ahead, we are also looking at entering other markets within the i2i region to achieve our aim of becoming the leading mobility player in the i2i region,” he added.