True not participating in reauction

So last night True released the following

“With reference to the re-auction of Spectrum Licensing for International Mobile Telecommunications (IMT) in the Frequency Band of 900MHz to be held by the National Broadcasting and Telecommunications Commission on 27th May 2016, True Corporation Public Company Limited (the “Company”) would like to notify that the Board of Directors Meeting No. 4/2559 held on 16 th May 2016 has passed the resolutions that the Company will not participate in the aforesaid re-auction since True Group already has a very comprehensive spectrum portfolio with sufficiently large bandwidth totaling 55 MHz. The Company already obtained an ideal combination of low-band and high-band frequencies for its relative advantage in coverage and capacity respectively. This enables the Company to effectively address all market segments and ecosystems with superior 4G, 3G and 2G networks nationwide”

So what?

  • ADVANC hasn’t officially said that they will participate yet..
  • If they do, well, ADVANC can now effectively bid against itself
  • If they don’t,  the drama that is the thai telco sector shall continue, heads will roll @ NBTC, and this is a a scenario that I’m rooting for although not expecting.

Source: True Plc

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