True Move in THB10bn network investment

27 Aug 2009

True Move, Thailand’s third largest mobile operator by subscribers, announced today that it will invest around THB10 billion (USD294 million) over the next three years in upgrading and expanding its networks, including the rollout of 3G services, Reuters reports. The True Corp subsidiary said it would use its own cash flow to finance the investment, although timing is dependent on the country issuing 2100MHz 3G licences – expected to be auctioned by late 2009 or early 2010. At the end of June 2009 True Move had 15.2 million subscribers and claimed to have a 24% market share, and it is expecting to add a net 1.0 million-1.2 million customers this year, down from 2.7 million additions in 2008. TeleGeography’s GlobalComms database notes that True Move operates a Bangkok-only limited trial 3G network based on W-CDMA/HSDPA technology in the 850MHz frequency band, whilst it is awaiting a 2100MHz concession before committing major investment in the technology.

Thailand, True Move