True’s third-quarter loss narrows only slightly

14 Nov 2012

Thai quadruple-play group True Corp reported its financial statements to the Stock Exchange of Thailand yesterday, showing that its net loss for the third quarter ended 30 September 2012 narrowed slightly from a year earlier, to THB1.84 billion (USD60.0 million), compared to the THB1.89 billion loss reported in Q3 2011. True, which is currently migrating its 2G mobile users to a 3G 850MHz network whilst also preparing for the rollout of 2100MHz services, added that total revenue increased to THB20.98 billion in July-September 2012 from THB17.89 billion twelve months previously, although the investment in national 3G expansion and marketing drove quarterly costs up to THB16.01 billion from THB12.94 billion.

Thailand, True Corp,

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share