True’s third-quarter loss narrows only slightly

14 Nov 2012

Thai quadruple-play group True Corp reported its financial statements to the Stock Exchange of Thailand yesterday, showing that its net loss for the third quarter ended 30 September 2012 narrowed slightly from a year earlier, to THB1.84 billion (USD60.0 million), compared to the THB1.89 billion loss reported in Q3 2011. True, which is currently migrating its 2G mobile users to a 3G 850MHz network whilst also preparing for the rollout of 2100MHz services, added that total revenue increased to THB20.98 billion in July-September 2012 from THB17.89 billion twelve months previously, although the investment in national 3G expansion and marketing drove quarterly costs up to THB16.01 billion from THB12.94 billion.

Thailand, True Corp