Thailand's two biggest mobile firms vow to fight for market share
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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.
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