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Hopefully the fact that they are publicly saying this and have some details about what they are planning to do means they will do as they say. I guess we'll see.
I'm looking to move out of Patong in the near future but only if I can get a place that already has a phone/ADSL connection. I've heard nothing but grief from people like yourself that have asked about new lines.
They have to sort this out if they expect people to keep buying up new properties on the island. Almost everyone these days will want internet connections.
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