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Thailand's Total Access Q4 rises, but below forecast
February 8, 2013 / 11:46 AM / 5 years ago

Thailand's Total Access Q4 rises, but below forecast

BANGKOK, Feb 8 (Reuters) - Thailand’s second-largest mobile phone operator, Total Access Communication Pcl (TAC), reported a 8 percent rise in quarterly net profit on Friday due to higher revenues from voice and non-voice services.

TAC, controlled by Norway’s Telenor, posted a net profit of 2.57 billion baht ($86 million)in October-December versus 2.38 billion a year earlier. Eight analysts surveyed by Reuters had forecast a net profit average of 2.9 billion.

For 2012, it posted a net profit of 11.3 billion baht, down 4.5 percent from 11.8 billion a year earlier due to higher regulatory fees.

TAC, which has about 30 percent of the Thai market, competes with market leader Advanced Info Service Pcl and third-ranked True Move, a unit of True Corp.

Shares in TAC, valued at $7 billion, have risen 28 percent in the past year, underperforming a 34 percent jump in AIS and 100 percent in True Corp. ($1 = 29.65 Baht) (Reporting by Khettiya Jittapong; Editing by Martin Petty)

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