TRUE Confirms Sufficient Resources for 5G Services Reallocation, Denying 700MHz Auction
True asserts that the company has sufficient low-band frequency to reallocate to support 5G services, denying its participation in 700MHz auction.
In response to the news about the 5G 700 MHz spectrum auction, True Corporation Public Company Limited (TRUE) has informed that it does not plan to participate as the company is awaiting more clarity on the 900 MHz payment extension. TRUE’s main focus is on continued revenue and margin growth as well as cash flow improvement.
As of now, TRUE has sufficient low-band frequency at 850 MHz and 900 MHz to reallocate to support 5G services. The 5G investment utilizing existing bandwidth will be in specific areas where TRUE expects good return on investment due to significant demand and readiness of 5G enabled devices.