Bangkok--17 Jan--True Corporation
In response to the news about the 700MHz spectrum auction, True does not plan to participate as the Company is awaiting more clarity on the 900MHz payment extension.
According to Mr. Vichaow Rakphongphairoj President (Co) True Corporation Plc. "True Group does not plan to participate as we are awaiting more clarity on the 900MHz payment extension. Today, True Group has sufficient low-band frequency at 850MHz and 900MHz to reallocate to support 5G services. The 5G investment utilizing existing bandwidth will be in specific areas where we expect good return on investment due to significant demand and readiness of 5G enabled devices. The Company's main focus is on continued revenue and margin growth as well as cash flow improvement. "