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Brighter outlook for Thai telcos after a year of consolidation

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Yong Jun Yuan

Yong Jun Yuan

Published Tue, Jan 23, 2024 · 05:00 AM
    • As a result of the market consolidation and post-merger cost-cutting by True, Maybank expects core profit for the Thai telcos to grow by 29 per cent year on year in 2024.
    • As a result of the market consolidation and post-merger cost-cutting by True, Maybank expects core profit for the Thai telcos to grow by 29 per cent year on year in 2024. PHOTO: PIXABAY

    AFTER a year marked by a spate of mergers and acquisitions in 2023, analysts expect Thailand’s remaining telecommunications players to emerge stronger and report better performance in the year ahead.

    The number of mobile operators in Thailand shrank to two last year, following the completion of True Corporation’s merger with DTAC in March.

    As at end-September 2023, True’s market share of mobile revenue in Thailand stood at 51.8 per cent, with the remainder held by Singtel associate Advanced Info Service (AIS).

    Advanced Info Service (AIS)ThailandTelcos

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