Jasmine to enter 4G auction

25 Mar 2015

Thai telecoms group Jasmine International, parent of fixed network operator Triple T Broadband, plans to bid in 4G mobile spectrum licences tentatively scheduled for August, it said in a statement to the local stock exchange, as reported by Reuters. Jasmine will seek a strategic partner for the 4G auction, and has earmarked THB25-35 billion (USD769 million-USD1.08 billion) for 4G investment, to be sourced partly from the proceeds of its broadband internet infrastructure fund listing. In other Jasmine news, the group’s largest individual shareholder Pete Bodharamik (25.8%) said in a statement he had no plans to sell his stake, denying market rumours of involvement in recent share sell-offs.

In related 4G auction news, the Bangkok Post reported that the CEO of Thailand’s third-largest cellco True Corp, Suphachai Chearavanont, has wholeheartedly backed the government’s efforts to include additional spectrum bands in the auction alongside the planned 900MHz and 1800MHz blocks. ‘Multiple-band spectrum auctions will enhance the use of network resources and increase mobile data network capacity … We support the government’s idea of allocating other telecom spectra for 4G mobile phones apart from the existing 900MHz and 1800MHz spectra,’ the CEO said, identifying the 800MHz and 2600MHz ranges as desirable. Government sources recently declared the intention to include unused blocks of the 2300MHz and 2600MHz bands in 4G mobile auctions.