True forgoes 900MHz auction

ICT Minister Uttama Savanayana and telecom officials are seen during final December’s partly unsuccessful auction of a 900-megahertz spectrum. True Move now has opted out of subsequent week’s May 27 re-auction since it already has adequate bandwidth, definition AIS will be a sole bidder. (Photo by Chanat Katanyu)

True Move strictly announced Tuesday that it will not enter a new auction turn for a 900-megahertz spectrum subsequent week, observant it would rather “promote a giveaway and satisfactory rival environment” in a mobile industry.

The country’s third-largest mobile user insisted a association already has sufficient bandwidth to yield fit wireless broadband use in a years ahead.

“After a house assembly on Monday chaired by Dhanin Chearavanont, a True house finally resolved not to attend in a May 27 re-auction of a 900MHz spectrum,” pronounced Noppadol Dej-Udom, arch financial officer of True Corporation.

He pronounced True Move has a many extensive spectrum portfolio, both low and high frequencies, including slots on a 900MHz, 1800MHz, 2100MHz and 850MHz bands (the final of that is underneath a agreement with a prior benefaction owner, CAT Telecom).

“With a total 55MHz of bandwidth, we can well yield best mobile coverage and services national for a subsequent 3-5 years,” Mr Noppadol said.

In addition, True Move says a wants to foster foe in Thailand’s mobile attention to safeguard advantages for consumers.

Mr Noppadol pronounced Thailand’s mobile information trade had some-more than doubled in a past few years, mostly driven by a arise of a supposed always-connected consumer due to changing consumer behaviour.

Mobile information trade is approaching to roughly double this year alone following a full blurb launches of fourth era (4G) wireless broadband services by a 3 vital mobile operators.

A True Move 3G patron uses an normal of 2.5 gigabytes per second per month, while a 4G subscribers use an normal of 4Gbps a month.

Mr Noppadol pronounced True Move indeed has a financial capability to financial a second container of a 900MHz spectrum licence, that will be auctioned subsequent week, due to a stretchable remuneration terms of a licence.

Regulators eased a remuneration terms for a 900MHz auction from what was compulsory in a 1800MHz behest in November.

In a 1800MHz auction, any leader was compulsory to compensate half of a cost it had offering within 90 days and 25% in both a second and third year.

But winners of a 900MHz behest are compulsory to compensate usually 8.04 billion baht or 50% of a haven cost in a initial 90 days and 25% in both a second and third years. The remaining sum — a volume above a haven cost — will be paid in a fourth year.

“With a Ebitda [earnings before interest, tax, debasement and amortisation] capability of 20 billion baht annually, we could means another 900MHz looseness but financial problems,” Mr Noppadol said.

But he pronounced Mr Dhanin, a True chairman, had told a house during Monday’s assembly that he did not wish to use income in a approach that would extent opportunities for attention growth and emanate reduction value for consumers.

True also wants to revoke a financial bearing of a mobile business.

Mr Noppadol pronounced True has around 90 billion baht in debt as of Mar 31, 2016. The association expects to finish a recapitalisation of another 60 billion baht by subsequent month.

The association skeleton to use 50 billion baht of a deduction from a recapitalisation to repay debts and a rest for business expansion.

True’s debt will mount during 40 billion baht by year-end, pronounced Mr Noppadol.

Advanced Info Service, by auxiliary Advanced Wireless Network, and True Move, by True Move H Universal Communication, were a usually dual mobile companies picking adult behest papers for a 900MHz spectrum auction from a National Broadcasting and Telecommunications Commission (NBTC).

The regulator has authorised intensity bidders to collect adult behest papers from Apr 12 until May 17.

Prospective bidders contingency contention papers to a NBTC by today.

Takorn Tantasith, secretary-general of a NBTC, pronounced AIS expects to surprise a Stock Exchange of Thailand currently that it will enter a 900MHz auction.

Article source: http://www.bangkokpost.com/news/general/977233/true-forgoes-900mhz-auction

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