Thailand's two biggest mobile firms vow to fight for market share
Bangkok
THAILAND'S top two mobile operators said on Tuesday they had enough capacity to maintain their leading position even though they failed to win new 4G spectrum licences in last weekend's auction.
The entry of Jasmine International, one of the auction winners, has changed the landscape of Thailand's US$6.7 billion mobile sector, which has been dominated by three companies - Advanced Info Services (AIS), Total Access Communication (TAC) and True Move. Competition is expected to intensify, adding to pressure on operators' profits and dividend payouts, analysts said.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Prudential shutters Hong Kong wealth unit Pulse
Singapore has to be realistic on global trends plaguing its stock market: DPM Wong
Google DeepMind unveils next generation of drug discovery AI model
AEM Holdings Q1 net profit tumbles 85% to S$2.4 million
World’s biggest tea buyer Lipton’s sale of last farms is a strategy shift
JPMorgan, Nomura limit Segantii exposure on Hong Kong case