Bangkok--8 Jun--Jasmine International
JAS reported a net profit of 4.766 billion baht in the first quarter of 2020, a four percent increase from Q1 2019’s 4.588 billion baht. The company and its subsidiary have accumulated 6.898 billion baht (Consolidate Financial Statement) and 13.604 billion baht (Separate Financial Statements) at the end of Q1 2020.
The reports indicated that most of the income came from Triple T Broadband Public Company Limited (3BB), thanks to the Work From Home trend during the COVID-19 outbreak, resulting in surging demand for home internet services.
Mr. Yordchai Asawathongchai, Director of Jasmine International Public Company Limited and Executive Vice President of Operating Group, Triple T Broadband Public Company Limited or 3BB, revealed that during the first quarter of this year 3BB saw a jump in clients, as the new additional subscriber registered 61,597, rising the total number of subscribers to 3.24 million. Of that figure, 2.05 million are FTTx users, while the ratio of FTTx users rose to 63% which is a significant boost from Q1 2019’s 41%. He said that the jump is a direct result of the new GIGA Fiber packages debuted in March 2020. These packages boast the minimum speed of 1 Gbps, satisfying the need in the digital era that demands internet service for a range of tasks, such as 'Work From Home’, studying, or using it for recreational purposes.
Currently, 3BB has the biggest market share of fiber optic at 38%, with the number of new subscribers from April to May rising more than 25%. The company estimated that it will be able to gain the number of total clients more than its target of 100,000.
3BB is planning to take up the role of Telecom and Media Company, combining three main services which are home internet, content, and mobile phone internet.
3BB’s home internet has the biggest fiber-optic internet network in the nation, giving users swift services nationwide. The firm’s content boasts the likes of HBO and MONO Group, giving a combination of streaming entertainment and internet service under the package “GIGATainment”. According to the company, customers have responded well with the content, as the number of clients rose to more than 50,000 from April to May. 3BB is planning to unveil its new streaming service '3BB TV’, offering on-demand internet TV with more than 100 channels. The company said it has hired talents from KT Corporation (KT) -- a successful IPTV service provider from South Korea -- as strategic consultants for planning OTT businesses, developing service models, and analyzing popular content among Thais. The offering combination of content and the internet is a strong offer that will greatly boost the company’s potential. Regarding phone internet, 3BB joined hands with dtac as strategic partners who will bring about each other’s advantages to create unique products. Currently, the companies have launched a 3BB GAGA SIM+ package, bundling 1 Gbps home internet with a 10 GB mobile service plan, giving customers uninterrupted internet connections at home and on the go.
The COVID-19 situation has forced people to change their behaviors to maintain physical distancing. Nonetheless, this is an opportunity to push the Digital Transformation forward. Such a scenario needs online responses to be swift, availability of online services, and online content that are readily available. Preparing for such change, 3BB has upgraded its network’s capacity to handle heavy traffics, initiated aggressive online marketing campaigns, and developed online services that enable clients to get things done at the comfort of their homes. 3BB is also planning to build a 'New Ecosystem’ for its entertainment content upon its existing products that would meet client demand in the digital era. The New Ecosystem will include 'Next Generation Media’ service, Smart Device & Home Solution, and 'Tele Health’ service. It is expected that these services would be able to generate long-term income for the company in the next couple of years.