Stocks in the news (true) 15.05.13


True eager for three licenses — True Corporation looks set to view for three digital terrestrial TV licenses in a strategic move to consolidate its cable TV business following the challenge of dark hourse CTH. It also plans to expand its mobile and cable TV networks to Myanmar this year its CEO said. (Bangkok Post, 15/05/13)

Comment: We see True as a major loser regarding the digital tv licenses, their balance sheet is weak and they’ll have trouble competing against the other operators. As for Myanmar comment, PR rubbish.


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