True informs SET its reason not to participate
In response to news about the 5G 700 MHz spectrum auction, True Corporation Plc reported to the Stock Exchange of Thailand yesterday that the company did not plan to participate as the company was still waiting for more details on the 900 MHz payment extension. Currently, the company’s main focus is to drive revenue and margin growth as well as cash flow improvement.
The company has sufficient low-band frequency at 850 MHz and 900 MHz to reallocate in support of the 5G services. The 5G investment, utilising existing bandwidth, will be in specific areas where the company expects good return due to significant demand and readiness of enabled devices.