TT&T’s annual revenues slide 11%, loss near-triples

5 Mar 2013

Thai provincial fixed line provider TT&T has reported its annual financial results for 2012 to the Stock Exchange of Thailand (SET), showing that revenues dropped to THB2.347 billion (USD78.6 million), down by 11% from THB2.644 billion in 2011, mainly driven by a decline in turnover from traditional voice services, but also a fall in data revenue and line maintenance income. TT&T, which is undergoing a long debt restructuring programme, posted a net loss in 2012 which widened to THB7.655 billion, compared to 2011’s loss of THB2.679 billion. Revenue from TT&T’s ‘telecommunications services’ business area (including a lapsed commercial agreement with former partner Triple T Broadband of the Jasmine group to market broadband services via ISP subsidiary TT&T Subscriber Services) decreased by THB6 million or 52% from an already-small contribution. ‘Sales and services’ revenues increased by THB16 million or 31%, while ‘other’ income decreased by THB33 million or 19%. TeleGeography’s GlobalComms Database noted that in 2011 TT&T Subscriber Services ceased to provide a financial statement.

Thailand, TT&T