TT&T expects higher income

The Nation (4 December 2007)

TT&T expects to achieve consolidated revenue of Bt8.7 billion next year, up from Bt7.3 billion estimated for this year.

TT&T president Prachuab Tantinon said 60 per cent of this year's revenue would come from businesses under the TOT concession and the rest from those under the licence by the National Telecommunications Commission (NTC).

TT&T operates fixed-line telephone services across the country outside of the Bangkok metropolitan area under TOT concession. It posted revenue of Bt5.609 billion in the first nine months of the year for a net loss of Bt1.4 billion.

Prachuab said the company would list its TT&T Subscribers Services and Triple T Broadband subsidiaries on the Stock Exchange of Thailand (SET) and its Triple Global Net subsidiary on the Market for Alternative Investment.

Internet service and content provider TT&T Subscriber ex-pects revenue to more than
double to Bt3.7 billion next year, from an estimated Bt1.5 billion this year.

Triple T Broadband, which holds a network service licence from the NTC, expects revenue of Bt700 million this year, but Prachuab declined to specify its revenue target for next year.

Triple T Broadband is in the process of increasing its registered capital from Bt110 million at present to Bt1.2 billion, as part of plans to list on the SET.

Triple Global, which holds an NTC licence for operating an international Internet-gateway service and international-call service, has targeted revenue of Bt560 million next year, up from an estimated Bt300 million this year.

TT&T has spent about Bt50 billion on business development since its debut in 1994.
"Now we're waiting for a Wi-Max licence from the NTC, to provide wireless broadband service," Prachuab said.

Recently, the NTC said it expected to finish drafting Wi-Max licensing terms and regulations this year.

Next year, TT&T plans to spend about Bt700 million to develop TT&T Subscriber's operations further and Bt70 million to develop Triple T Global's.
Prachuab said TT&T was not looking for a strategic partner to support the firm's planned investment.