Thaicom Q3 revenues down 2.3%
October 31, 2019
Thaicom has revealed its financial results for the third quarter ended September 30th 2019.
While the satellite operator reported revenue from sales and services for Q3/2019 of THB 1,188 million (€35.2m), down by 2.3 per cent from Q2/2019 due mainly to the churn of broadband customers, the utiliaation and revenue of broadcast services increased 1.2 per cent QoQ from new sales.
The net loss reported for Q3/2019 was THB 113 million, which improved from the loss of THB 135 million for Q2/2019. Excluding extraordinary items recognised during the quarter—namely the loss from sale of investment and foreign exchange, the net loss for Q3/2019 would be THB 59 million.
Anant Kaewruamvongs, Thaicom CEO, commented: “In Q3/2019, THCOM continued to restructure the company by divesting Cambodian DTV Network Limited (CDN) in order to focus more on the sale of core satellite services, as well as incubating new businesses and expand its services to become a provider of space-air-ground-maritime smart solutions. THCOM also signed an agreement of Intention with Russian Satellite Communications Company (RSCC), a Russian leading satellite operator, to collaborate on the joint development of a service offering for maritime satellite broadband connectivity, which will help THCOM expand its Nava service further.”
Lao Telecommunications (LTC), Thaicom’s telecommunication and mobile service provider subsidiary in Lao PDR, reported total mobile subscribers (excluding fixed wireless) of 1.43 million. The country’s leading mobile network operator reported a market share of 56.3 per cent.