Fitch Ratings says it does not expect any substantial impact on the credit quality of Thailand’s mobile phone operators from the upcoming 3G licence auction. Fitch rates market leader Advanced Info Service BBB+ with a stable outlook and No.2 Total Access Communication (DTAC) BBB- with a stable outlook. Although the expected high licence fee – some reports suggest Bt10b – and investment in 3G services could increase net debt and financial leverage over the next two to three years, the companies’ solid cash flow and strong financial positions should help them withstand potential additional costs, Fitch said. (Bangkok Post)
Minimal 3G impact on operators
Leave a reply
The Demographic Advantage: Why Southeast Asia’s Economic Future Looks Promising
Southeast Asia's economic future looks promising, largely due to its demographic advantage. With a young and dynamic workforce, a burgeoning middle class, and rapid urbanization, the region is poised for sustained growth and development in the coming years. Discover how these factors contribute to Southeast Asia's bright economic prospects.
Thailand Retirement Ranking Improving
To see the Thailand Retirement Ranking improving delighted the Thai Prime Minister Prayut Chan-o-cha said government spokesman Anucha Burapachaisri. In...
Thai Stock Market Analysis May 9, 2022: How Much Lower Will the the SET fall?
Ugly Trading Session Leaves Thai Stock Market Index in Murky Waters The Thai stock market had recently done remarkably well...
