TOT partnership cost” . As the agreement is effective from Jan-2019, the revenue and cost of rent incurred for 9-month period are recorded in 3Q19 offsetting the actual cost previously paid to TOT in

YoY with a margin of 43%. Normalized EBITDA was Bt38,659mn increasing 2% YoY, with a margin of 43.7% in line with the full-year guidance of stable YoY. With the 1800MHz spectrum license acquired in Sep

plants in 2018. • EBITDA decreased 8.6% q-on-q to Baht 2,202 million in Q4’2018 due to stable selling price per unit to IUs from unchanged of Ft but an increase of gas cost however, this was the temporary

currently available to the Company. These assumptions involve risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results

actual implementation of various projects will likely start from 2019 onward. Nevertheless, downside risks to exports likely stem from international trade disputes, particularly between the US and China

spectrum licenses as well as lower interest- bearing debt QoQ. Average cost of borrowing stood at 3.0% per year. Profit In 1Q19, EBITDA was stable YoY at Bt18,906mn due to higher network OPEX and SG&A

revenue is from long-term PPA with state enterprises which has no direct impact from COVID-19 while revenue from industrial users (IUs) remains stable y-on-y in Q1’2020, thanks to portfolio diversification

, though actual implementation will likely be started from 2019 onwards. Nevertheless, there remain downside risks from an inclination towards protectionism, as exemplified by the US-China situation, and

Competitive Environment In 4Q17, the mobile competitive landscape was stable in terms of both handset campaigns and pricing. Postpaid segment continued to be a key focus with handset campaigns to gain new

amount of 442.0 million Baht or equal to 11.8 of the revenue from sales increased by 1.4 percent from the last year. Administrative Expenses: Control the Stable Cost The administrative expenses of the