Advanced Info Service has revised down its forecast for service revenue growth this year as a result of the political tension in the first half of 2014.
It has forecast growth of 1-2 per cent – down from 6-8 per cent.
In its filing with the Stock Exchange of Thailand yesterday detailing its second-quarter financial performance, the telecommunications heavyweight said the unrest had affected the macro environment.
But it said the growth momentum was expected to lift in the second half of the year, underpinned by the country’s economic recovery and its better network quality and coverage.
In the second quarter, AIS posted net income of Bt8.475 billion, decreasing 7.8 per cent year on year, due to the cost of its 3G base station extension and the financial cost of its debenture issuance.
The fall came despite a lower regulatory fee and revenue sharing.
In the second quarter, the number of AIS 3G-2.1GHz subscribers increased to 34.4 million, representing 80 per cent of its total subscribers.