Thaicom reports operating results for first quarter 2018

Telecommunication Press Releases Thursday May 10, 2018 13:57
Bangkok--10 May--Thaicom

Thaicom Public Company Limited (THCOM), Thailand's first satellite operator, announced its operating results for the first quarter of 2018. The company generated consolidated revenue from sales of goods and rendering of services for Q1/2018 was Baht 1,463 million, increased by 2.8% from Baht 1,463 million for Q4/2017 due to the increase of utilization from existing and new customers in Thailand and International, from both conventional and Thaicom 4 Broadband services.

The company also recognized the other income from the sale of CS Loxinfo Public Company Limited (CSL)'s share to Advanced Wireless Network Company Limited (AWN) which was completed in January 2018, therefore, the total revenue for Q1/2018 was Baht 3,497 million, an increase of 62.2% from Baht 2,156 million for Q1/2017. As a result, the Company reported a consolidated net profit of Baht 1,864 million, an increase of 620.4% from Baht 259 million for Q1/2017.

Thaicom's telecommunication and mobile service provider subsidiary in Lao PDR, Lao Telecommunications Co., Ltd. (LTC) as of the end of Q1/2018, had total mobile subscribers (excluded fixed line telephony) of 1.56 million subscribers and ranks No.1 with approximately 58% of total mobile's market share, up from 55% as at the end of Q1/2017. LTC's revenue continued to increase mainly due to the increase of revenue from Internet SIM.

This year Thaicom defined new strategies to transform its business to cover the digital platform. The company will focus on 3 business directions which are core satellite business, adjacent business and new business prototyping. During the first quarter of 2018, the company signed a multi-years contract with the leading broadcaster in Myanmar to launch pay TV DTH service in their country, together with the successfully signed multi-years agreement with 'We Are It Philippines (WIT)', aimed at providing connectivity and broadband internet in Philippines.

Latest Press Release

TrueVisions pleases football fans with live FIFA World Cup 2018 coverage at the highest resolution in 4K ULTRA HD, first time ever in Thailand, and launches a TrueVisions 4K ULTRA HD box, twenty times clearer than the standard system!

Apply new members all packages today, Watching World Cup HD channel 24hrs a day, opening match on 14 June TrueVisions, the leader in pay TV, varied, and best channels from around the world, pleases football fans with the FIFA World Cup 2018 experience at...

TrueMove H Obtains 1800-MHz Frequency Auction Document for Further Consideration

TrueMove H's representative today paid a visit to the Office of The National Broadcasting and Telecommunications Commission (NBTC) to pick up the prospectus relating to the upcoming 1800MHz frequency auction. The Company said that is the role of mobile...

Thaicom Expands Broadcast Platform on Thaicom-6 in Africa

- Signs deal with European content delivery specialist Mediavision to advance broadcast platform via the Thaicom-6 satellite - Collaboration to deliver innovative broadcast solutions for European and international programmers to cost-effectively expand...

AIS announced 1Q18 financial result with Bt8,037mn net profit 50% 4G handset penetration and 571,800 fixed broadband customers

AIS recorded 1Q18 result with Bt8,037mn net profit, increasing 4.5% YoY and 4.4% YoY. Total revenue increased 5.3% YoY supported by both mobile and fixed broadband services. During the quarter, AIS also expand digital services through a joint venture in...

The Future of Work : Spend a Night With James Pitchon, Erik L#heureux and Michael Fiebrich at The Great Room

What: An exclusive networking event organized by The Great Room, Gaysorn Urban Resort and Bangkok Entrepreneurs: "Spend the Night with...": The Future of Work. When: Date: Tuesday 15th May 2018 Where: Urban Resort, 19 Floor, Gaysorn Tower (BTS Chid...

Related Topics