Key Developments: Advanced Info Service PCL (AVIFY.PK)
21 May 2013
Latest Key Developments (Source: Significant Developments)
Advanced Info Service PCL Announces Final FY 2012 Dividend Payment; Announces Dissolution of Sub-subsidiaries
Advanced Info Service PCL announced that it will pay a final dividend for the fiscal year 2012 of THB 5.00 per share, on April 23, 2013, to shareholders of the book closing date on April 4, 2013. The Company paid a final dividend of THB 4.26 per share for the same period the year previous. The Company also announced the dissolution of its 99.99% indirect owned sub-subsidiaries namely Mobile Broadband Business Co Ltd and Advanced Mobile Broadband Co Ltd, which held through Advanced Wireless Network Co Ltd and Mobile Broadband Business Co Ltd respectively. Full Article
Advanced Info Service PCL announced that on October 18, 2012, the National Broadcasting and Telecommunications Commission (NBTC) has officially noticed the 2.1GHz license auction (3G) result to Advanced Wireless Network Co Ltd (AWN), a 99.99% owned subsidiary of the Company. AWN is officially the auction winner for three spectrum bandwidth covering 1950MHz paring to 2140MHz to 2155MHz at the bid price of THB 14,625 million. Before officially awarded the license to operate 2.1GHz, AWN is required to fulfill the terms and conditions set by the NBTC within 90 days after receiving the official notification of auction result. Full Article
Advanced Info Service PCL announced it will pay an interim dividend for the first half of fiscal year 2012 of THB 5.90 per share, on September 6, 2012, to shareholders of the book closing date on August 24, 2012. The Company paid a dividend for the same period the year previous of THB 4.17 per share. Full Article
We believe Thailand has moderate competition with wireless penetration of more than 100%. However, we anticipate that competition could intensify after all three companies--including AIS--in Thailand's telecommunications market launch 3G services on their recently acquired licenses. We believe AIS will receive the spectrum by about mid-January next year.