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

VST ECS (Thailand) Receives the Quality Persons of the Year Award 2018

VST ECS (Thailand) Co., Ltd. a member of VST ECS Group, a leading ICT distributor in Asia Pacific by Mr. Somsak Pejthaveeporndej, Chief Executive Officer, received the Quality Person of the Year Award 2018 in the category of Information Technology &...

AIS decided not to participate in 900 MHz spectrum auction. No impact on customers and investors as the company already has plenty of bandwidth for future growth.

AIS informed the Stock Exchange of Thailand (SET) that the company would not participate in the 900MHz spectrum license auction to be organized by the National Broadcasting and Telecommunications Commission (NBTC) on October 20. After careful...

Cambium Networks Offers 3 Year Warranty For The ePMP(TM) Wireless Broadband Product Portfolio

- Proven reliability of Cambium Networks' ePMP portfolio provides the peace of mind required by wireless broadband network operators and now that reliability is backed by a free 3-year warranty Cambium Networks, a leading global provider of wireless...

Singtel and AIS debut VIA, Asias first cross-border mobile payment alliance

- Connects Singtel Dash, AIS GLOBAL Pay and Rabbit Line Pay mobile wallets in Singapore and Thailand - Drives cross-border mobile payments to strengthen digital economies in Southeast Asia The Singtel Group today debuted VIA, its cross-border mobile...

AIS Announces Appointment of new CFO

Advanced Info Service Public Limited Company or AIS today announced the appointment of Mr. Tee Seeumpornroj as Chief Finance Officer (CFO) responsible for financial management effective October 1, 2018. Mr. Tee received a Bachelor's Degree in Industrial...

Related Topics