Acquisition of 1800MHz Spectrum Poisons ADVANC to Lose 9% YoY of Profit in 3Q18
The acquisition of 1800MHz spectrum in September is the major factor that costed ADVANC's profit to plunge 9%.
Advanced Info Service Public Company Limited (ADVANC) has reported its 3Q18 consolidated financial statement through the Stock Exchange of Thailand as follows:
In 3Q18, ADVANC’s total revenue increased 9.2% YoY to ฿42,110 million mainly driven by fixed broadband, consolidation of CSL, equipment rental, and SIM and device sales. However, total revenue dropped 0.3% QoQ due to softened mobile revenue.
ADVANC’s net profit was ฿6,800 million, decreased 9.0% YoY and 15% QoQ due to the cost of service that increased by 18% YoY and 3.3% QoQ mainly from the cost of partnership with TOT and higher Depreciation and amortization of the investment in 4G network and fixed broadband.
