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TRUEMOVE H SUBMITS 5G SPECTRUM AUCTION

 

TrueMove H

TrueMove H today submits its bidding document to participate in the auction of Spectrum Licensing, following the National Broadcasting and Telecommunications Commission’s announcement of the rules and regulations to use Spectrum Licensing for International Mobile Telecommunications Service for four bands ; 700MHz, 1800MHz, 2600MHz and 26GHz, which will be held on February 16, 2020.

Mr. Sarit Jinnasith, Group President (Co), True Corporation Plc, said, “The Board of Directors of True Move H Universal Communication Company Limited (“TUC”) has passed the resolution to approve TUC to participate in the auction of Spectrum Licensing as NBTC announced the rules and regulations to use the Spectrum for International Mobile Telecommunications Service for four bands ; 700MHz, 1800MHz, 2600MHz and 26GHz. To participate in the auction, the Company has conducted a thorough valuation analysis as well as hired a third party consultant to conduct a feasibility study on each available frequency.

The Company’s considerations are based on consumers’ demand, return on investment as well as values for all stakeholders. The conditions of the multiband spectrum auction are favorable. This will provide a variety of spectrums and a sufficient amount of bandwidths for operators to consider and select, which are available more than those in the previous auctions. Having more bandwidths will further strengthen TrueMove H’s network superiority and secure its market leadership to serve the increasing amount of customers as well as the customers’ fast-growing data usage.