capitalized device subsidies. Considering the entire contract term, profitability of the contract remains the same. Please note that our guidance for FY19 provided on page 6 does not take into account TFRS 15
severance pay provision in 1H19. As a result, EBITDA (Pre-TFRS 16) was Bt38,714mn +1.8%YoY with a margin of 45.5% supported by saving in SG&A expenses offset by declined revenue. With the 2600MHz spectrum
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