True Tel Tale ,Dtac and AIS lose out

**david44** · 22-12-2015, 08:19 AM

Telecom shares take a plunge
USANEE MONGKOLPORN,
SIRIVISH TOOMGUM
THE NATION
December 22, 2015 1:00 am
SHARE PRICES of the four major telecom operators declined heavily yesterday on the possible negative impacts of the surprising outcomes of last week’s auction of licences on the 900-megahertz spectrum.

Advanced Info Service (AIS) shares plummeted 19.43 per cent to close at Bt155.50, while those of Total Access Communication (DTAC) slid 26.97 per cent to Bt27.75.

True's share price fell 8.97 per cent to close at Bt6.60, while Jasmine International nosedived 22.59 to Bt3.70.

After the end of four days of bidding on Saturday, True Move H Universal Communication (TUC) and Jas Mobile Broadband (JASMBB) won licences on the 900MHz spectrum at Bt76.3 billion and Bt75.6 billion respectively, almost five times the minimum starting bid. The other two bidders were AIS and DTAC.

A telecommunications analyst said he expected competition to intensify after this auction. DTAC, which did not win a licence, will face spectrum constraints and could resort to a pricing strategy to defend its market share.

He added that the major unknown factor that would determine the degree of competition was whether JAS had a strategic partner.

Yesterday JAS disclosed that it was in talks with potential partners but declined to specify their names. The talks have yet to be wrapped up.

The analyst, who declined to be named, believes that AIS is still in the best position among all players, since DTAC and True were weakened by the auction outcomes.

DTAC now faces spectrum constraints, while True has loaded on a large pile of debt from the auction. Even without bandwidth on 900MHz, AIS is unlikely to suffer spectrum constraints in the next few years as it did win a licence at the 1,800MHz auction last month, the analyst said.

DTAC has affirmed that it has sufficient spectrum bandwidth on the 2.1-gigahertz, 850MHz and 1,800MHz spectra to provide quality service to subscribers.

However, the analyst expects that AIS's capital expenditure is likely to be higher than his previous forecast as the company will have to deploy a fourth-generation network on the 1,800MHz spectrum, instead of on 900MHz - the latter requires lower capital expenditure.

The main concern is on migration of AIS's 11 million subscribers, who account for 30 per cent of its subscriber base, who are still on the 900MHz 2G network, to the 2.1GHz network within weeks before its 900MHz network is shut down.

AIS is likely to offer subsidised handsets to encourage customers to migrate to the 2.1GHz network, which might cost the company close to Bt20 billion.

DTAC is in the worst position after failing to win any new spectrum. It will have to build more telecom towers to further utilise its existing 2.1GHz spectrum and more of the 1,800MHz and 850MHz spectra - the latter two come with high regulatory and depreciation expenses.

DTAC is in talks with its concession owner CAT Telecom for a possible deal to offer 4G service jointly on CAT's 1,800MHz band.

With a spectrum disadvantage, DTAC is expected to continue to lose market share and the high 1,800MHz/850MHz cost will have a serious impact on its earnings, the analyst added.

True now has the best spectrum portfolio but the worst balance sheet among the three players, the analyst said.

The 900MHz spectrum depreciation and funding cost is estimated to be Bt9.7 billion per year, and True will have to gain market share to make the spectrum acquisition worthwhile. But winning market share in the next few years may not be as easy as in the past given the entry of JASMBB, which will spark intense competition.

According to CIMB Securities (Thailand), as the three dominant operators failed to maintain the status quo, a cut-throat price war looms.
Telecom shares take a plunge - The Nation

**BobR** · 22-12-2015, 12:52 PM

"Yesterday JAS disclosed that it was in talks with potential partners but declined to specify their names."

If it turns out these frequencies are controlled by FOREIGN investors or a company controlled by them, you'll see some squirming in Bangkok.

**baldrick** · 22-12-2015, 01:23 PM

I see they are in what used to be the BKK bank building
Jasmine International Tower [Bangkok - Building] - SoiDB Thailand

new company bids big on LTE freqs - wonder who exactly is in control of it

**spliff** · 22-12-2015, 01:37 PM

Him! he's back...

**harrybarracuda** · 22-12-2015, 01:45 PM

Originally Posted by BobR

"Yesterday JAS disclosed that it was in talks with potential partners but declined to specify their names."

If it turns out these frequencies are controlled by FOREIGN investors or a company controlled by them, you'll see some squirming in Bangkok.

Isn't that illegal?

**harrybarracuda** · 22-12-2015, 01:49 PM

Originally Posted by baldrick

I see they are in what used to be the BKK bank building
Jasmine International Tower [Bangkok - Building] - SoiDB Thailand

new company bids big on LTE freqs - wonder who exactly is in control of it

It's not a new company Baldrick, they've been around since 1982.

Since its foundation in 1982 as an engineering and management consultancy company, Jasmine International quickly entered telecommunications and has since been at the forefront of the development of telecommunications in Thailand and its neighbors. Until recently, it was primarily a major turn-key contractor in telecommunications projects for government agencies and state enterprises, particularly the Telephone Organization of Thailand and the Communications Authority of Thailand.

After a major restructuring in early 1997, Jasmine International has become a holding company for all concessions acquired by the group, deriving steady and profitable incomes from these concessions, as well as from other companies within the group.

With the rapid growth of telecommunications and the Internet, as well as with a keen eye on the complete liberalisation of the telecommunications industry, the company is confidently seeking additional licenses and partners in the region, with a view to building further infrastructure to expand its well-established network so as to offer a complete range of Internet Protocol communications services. The migration of the company into the Internet Protocol area offers enormous opportunities for future growth, for both customers and investors.

As a result of recent restructuring and new acquisitions , the firm is poised to become a fully-integrated Internet Service Provider. Through its subsidiaries, Jasmine has control of extensive Internet infrastructure including access to outside gateways and high-speed links to important hubs. Building upon these assets, the firm is continuing to construct the most comprehensive Internet Protocol network in Thailand, which will provide the highest quality transport network for IP data within the country and to and from overseas.

This will make available a complete range of IP based communications including Virtual Private Networks, Voice and Fax over IP, and basic Internet access to a wide range of corporate clients including other ISPs, making the firm Thailand's largest Internet access provider with one million users within three years. It will also provide a full range of Web-based services, such as Web hosting and homepage design to government, corporate and residential customers.To become the leading ISP in Thailand, Jasmine will operate a high-quality, price-competitive Internet access and Internet service, using state-of-the-art equipment. Its technical and engineering strengths, as well as its extensive backbone network will give it immense advantages over other ISP’s . The marketing campaign will target both consumers and corporate customers. The consumer part will emphasize a lifestyle–oriented strategy featuring a colorful and user-friendly Website with many innovative services which will make for an exciting, entertaining and informative surfing. For corporate customers, customized service and many e-commerce services will be offered. Jasmine’s reputation in around-the-clock efficient technical support with set its ISP apart from the others.

Jasmine is firmly committed to the Internet-based business, and is determined to be a leader in this field. To make its goal become a reality, it has mobilized its resources, synergized its strengths, and recruited the top talents from within and outside and focused its effort and energy on the mission.

From its inception, Jasmine has been headed by a chairman with a technical background. A majority of the company's staff have formal qualifications in the technical aspects of the telecommunications industry, with the backup of management and financial resources needed to entrench the company's position as a powerful force in the fast-growing information industry — now something impossible to ignore in Thailand.

Jasmine International Public Company Limited

Do they own 3BB?

The Company’s business operations achieved great success in 2012 that generated a steady growth especially in our broadband internet business that resulted in increased revenue for Jasmine International Group along with a profit growth rate that had nearly doubled. This was achieved by being a leader in high speed, servicing quality broadband internet to our customers. 3BB has been both an innovator and leader in broadband internet starting from 1Mb up to 10Mb which has kept us popular among our customers and because of the country’s internet penetration rate of the population being around 5%, the use of broadband internet will have room for major growth.

**david44** · 22-12-2015, 02:17 PM

It's own website goes on
Other Businesses consist of

Premium Assets Company Limited.
is engaged in space rental and related services for Jasmine International Tower.

Chaengwattana Planner Company Limited.
is the rehabilitation plan administrator of Jasmine International PCL.

Jasmine International Overseas Company Limited.
is a holding company, investing in oversea businesses. (On July 26, 2007, the Central Bankruptcy Court ordered the termination of its rehabilitation proceedings.)

Internet Knowledge Service Center Company Limited.
is a holding company. The company and CAT Telecoms are co-shareholders of KSC Commercial Internet Co., Ltd.

ACeS (Thailand) Company Limited.
is a holding company.

Pakkred Planner Company Limited.
is the rehabilitation plan administrator of Jasmine International Overseas Co., Ltd.

**lom** · 22-12-2015, 04:32 PM

Originally Posted by baldrick

new company

My first ISP in Thailand, 33Kbps dial-up. 2002 circa

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