Integrated Telecommunication Services

AT&T has extended its contract with the Dallas Cowboys to power AT&T Stadium's mobile network and fan connectivity, keeping the company's name on the stadium. The company will also debut new stadium technology during the 2026 season, including fan experiences, mixed reality, and AI-powered moments. AT&T Stadium will now be equipped with AT&T Turbo, giving every fan, including customers of other carriers, high-priority network access to post and stream during the game, along with Starbase Connection, which transforms fan-submitted photos into custom Cowboys hype videos across stadium boards. Fans can also "Pose with the Pros" using augmented reality and put themselves in mixed reality catch-and-compete moments with the players. AT&T Stadium currently boasts one of the largest networks in the U.S. with more than 261 miles of fiber and close to 1,000 antennas throughout the stadium. AT&T has been a corporate sponsor of the Dallas Cowboys since 1996 and obtained stadium naming rights in 2013.

AT&T and the Dallas Cowboys announced an agreement to extend their partnership and continue powering the technology and fan experiences at AT&T Stadium. The deal keeps the AT&T name on the building and gives the two a platform to build faster, smarter and more immersive game-day experiences. AT&T Stadium relies on more than 261 miles of fiber and nearly 1,000 antennas throughout the venue, which the companies describe as the largest network of its kind in the country, to serve crowds of more than 100,000 people. For the 2026 season, AT&T is debuting new stadium technology including AT&T Stadium Wayfinding navigation, an expanded AR photo experience called Pose with the Pros, a mixed reality catch-and-compete moment with Dak Prescott, the AI-powered Starbase Connection feature, and AT&T Turbo Live high-priority network access available to fans of all carriers. Dallas Cowboys Owner, President and General Manager Jerry Jones said AT&T has been at the core of the fan experience and the technology foundation driving operations for 30 years, and AT&T Chairman and Chief Executive Officer John Stankey said the Cowboys will continue to innovate on behalf of fans.

Interlink Telecom Public Company Limited, or ITEL, disclosed that the National Broadcasting and Telecommunications Commission, or NBTC, has announced the lowest bidders for the high-speed internet procurement project in remote areas, Phase 3, or USO3. ITEL, together with partners, secured a total of three contracts: two contracts jointly with Thaicom and one contract with TKC covering the southern region. The project value attributable to ITEL alone is about 1.7 billion baht, with clarity on contract signing expected in the fourth quarter of 2026. The total contract value of the entire USO3 project stands at 5.42 billion baht, covering five regions nationwide. Following this award, the company's work in hand, or backlog, rises from about 2.2 billion baht to 3.9 billion baht. The project execution period is roughly five years, and revenue is expected to be gradually recognized through 2031. As for the outlook for the second half of 2026, the company expects continued growth from the first half, in which it already recorded revenue of about 1.36 billion baht. For the full year 2026, the company maintains its total revenue target at approximately 3.6 billion baht, up from about 2.86 billion baht last year. On the analyst side, Krungsri Securities Public Company Limited recommends buying ITEL shares with a target price of 2.00 baht, expecting revenue recognition to begin in the fourth quarter of 2026 and to help support a return to stronger profit growth in 2027.

AT&T has introduced Cricket 5G Home Internet, extending fixed wireless broadband over its existing 5G network for Cricket Wireless customers, and has partnered with LifeMD to give eligible AT&T subscribers free virtual healthcare visits and related telehealth services. The two moves widen AT&T's bundled connectivity offer by adding home broadband and healthcare benefits to its consumer plans, with the LifeMD benefits available to more than 100 million eligible customers. AT&T operates as a large US telecom provider with a market value of about $183.1b, and the company must fund the new perks while still managing heavy 5G and fiber spending and legacy revenue pressure. Analysts' forecasts assume 2.5% annual growth and a 13.4% margin, and the key commercial question is how many Cricket users bundle mobile and home service and what that does to churn. Investors will watch subscriber metrics over the next few quarters, especially Cricket 5G Home Internet adoption, uptake of LifeMD benefits, bundle penetration, fiber plus wireless households, and any disclosure on healthcare-driven engagement or reduced churn tied to AT&T's &More program.

IQSTEL Inc. outlined the potential economics of its mobile-first microdrama distribution initiative through IQSTEL Digital, modeling an illustrative $14.4 million to $21.6 million in annualized consumer billings at 300,000 active paid monthly subscriptions. Under the contemplated commercial model, consumers would pay approximately $4 to $6 per active monthly microdrama subscription, with total subscription revenue shared among the participating mobile operator, content partner and IQSTEL. IQSTEL Digital estimates each active paid monthly subscription could contribute approximately $0.50 to $1.00 per month in profit contribution attributable to IQSTEL Digital, which at 300,000 subscriptions would equal roughly $150,000 to $300,000 monthly, or an annualized $1.8 million to $3.6 million. The company said the 300,000 figure represents 60% of the 500,000 gross paying subscriptions it has illustratively targeted by the end of 2027, itself based on an assumed 1.25% penetration of a potential audience of approximately 40 million mobile users across targeted operators by the end of the second quarter of 2027. IQSTEL Digital also created an original microdrama demo to explain the format and its carrier-billing monetization model, and said the initiative is led by IQSTEL Digital CEO Jorge Becerra, while President and CEO Leandro Iglesias described the objective as converting existing telecom relationships into recurring, high-margin digital revenue.

True Corporation has teamed up with the Tourism Authority of Thailand to give away 10,000 True dtac Tourist SIMs to Chinese tourists arriving in Thailand, with instant connectivity from their very first step at four major airports: Suvarnabhumi, Don Mueang, Phuket and Chiang Mai, throughout NiHao Month 2026. The partnership also joins hands with TAKABB, or Five Centipedes, to pass on Thai charm through gifts from Thai brands familiar to Chinese tourists. Ms. Rasika Sathiranawin, head of the tourist and immigration customer group at True Corporation, said Golden Week is a key period when Chinese tourists travel to Thailand, so True wants to create a good experience from the very first step. Mr. Oramon Kaensaksiri, sales and marketing director at Five Centipedes (Sim Tien Hoe) Co., Ltd., said the Five Centipedes brand products are a popular souvenir that Chinese tourists have trusted for a long time. To claim the offer, tourists holding Chinese passports who sign up for the Tourist INFINITE add-on package worth 450 baht or more will receive free Five Centipedes products, either Five Centipedes brand inhalers worth 25 baht or Five Centipedes brand cough spray worth 90 baht, from now until 31 October 2026, or while stocks last, only at True and dtac shops at the four airports.

A steep 5.9% jump in Americans' wireless bills from July to August, the largest single-month increase since the Bureau of Labor Statistics began tracking the category nearly two decades ago, helped persuade the Federal Reserve to raise interest rates for the first time in three years. The surge followed T-Mobile's late-July decision to retire over 1,000 older plans, shifting customers to newer offerings at an added cost of as much as $6 per line per month, and AT&T's Aug. 5 rate hikes of $10 to $20 on some older plans plus a $1 increase in a monthly per-line fee. Wall Street analysts estimate the category contributed about 10 basis points of August's 0.3% month-over-month rise in core consumer prices, cementing expectations for the Fed's 25 basis-point hike on Wednesday. Carrier spending on new sites and expanded network capacity topped $30 billion last year, according to the industry trade group CTIA, while taxes, fees, and government surcharges reached a record 27.6% of the average wireless bill, per the Tax Foundation. Bank of America strategists called the August CPI jump in phone service a one-off tied to AT&T's changes, though cheaper options from mobile virtual network operators like Spectrum Mobile and Boost Mobile remain available for consumers willing to shop around.

PROEN Corp Public Company Limited, or PROEN, informed the Stock Exchange of Thailand that its first extraordinary general meeting of shareholders for 2026, held on September 16, 2026, approved a general mandate capital increase and the allocation of newly issued ordinary shares to existing shareholders in proportion to their holdings, or a rights offering. The company will issue and offer no more than 98,142,017 new ordinary shares with a par value of 0.50 baht each, at an allocation ratio of 4 existing ordinary shares to 1 new ordinary share, at an offering price of 0.84 baht per share, representing total fundraising of no more than 82,439,294.28 baht. The company has set September 25, 2026 as the record date for shareholders entitled to subscribe to the new shares, and the subscription and payment period will run from October 19 to 22 and on October 26, 2026, a total of 5 business days, from 09:00 to 15:30. The funds raised from the capital increase, amounting to no more than 82.44 million baht, will be used as capital for investment in and development of the data center business, to provide data storage and management services, as well as to develop solutions and software supporting services to both public and private sector customers in the future. The company expects to use the funds within 2027.

AT&T Inc. has partnered with LifeMD, Inc. to give its eligible wireless and fiber customers complimentary access to virtual care and pharmacy services. Under the agreement, more than 100 million eligible AT&T customers will receive a LifeMD membership worth $228 annually, with the regular $19 monthly fee waived. The benefit is offered through AT&T's &More program, and customers must enroll to activate the complimentary membership, paying only for the visits, prescriptions, or other services they use. The rollout will initially cover about 29 million AT&T customers in 11 states and is expected to expand nationwide in January 2027. The initiative supports AT&T's efforts to broaden customer benefits and strengthen engagement as demand for telemedicine grows, amid competition from Verizon Communications, Inc. and T-Mobile US, Inc., which are advancing their own AI-powered and 5G healthcare offerings.

Liberty Capital Corporation has acquired Quintillion in a USD 360m deal that adds roughly 3,000 kilometres of fibre cable to its network, with plans to expand that footprint by a further 2,500 kilometres or so. The acquisition was disclosed by Alluvium Asset Management in its Conventum – Alluvium Global Fund second-quarter 2026 investor letter, which noted the deal aligns with Liberty's GCI operations. Quintillion generates around USD 55-60m in revenue and USD 30m in free cash, and the fund expects significant synergies reportedly around USD 20m, producing a valuation uplift of around 35% when incorporated into its model. GCI Liberty, the Alaskan cable business spun out of Liberty Broadband, rebranded as Liberty Capital Corporation in May 2026, and its shares fell 40.6% over the period. Management also decided to retreat from the competitive, low-margin video business, while a planned acquisition of an initial 6% stake in Liberty Latin America, which would have been built up by buying John Malone's interest, did not proceed. With the share price falling to levels approximating half its valuation and encouraged by the CEO buying shares, the fund increased its position to 3.4% of the portfolio.

True Corporation, through True Business, has joined with Srinakharinwirot University, or SWU, to launch an EdTech learning platform that brings knowledge and quality courses from the SWU Demonstration School online for the first time, allowing students nationwide to study free of charge with no course fees, via web browsers on computers, tablets and smartphones without downloading an application. This set of online courses consists of courses exclusive to the SWU Demonstration School that are actually taught in the school, covering more than 70 courses such as science for medicine, science for engineering, language arts and performing arts. The platform is expected to open for use in the 2027 academic year, and courses will later be expanded to the university level and specialised subjects. The collaboration also covers upgrading AI and AI Transformation skills for SWU personnel, including lecturers, staff and personnel across all eight regional networks, along with the True AI Hub toolset, which brings together more than 100 AI models from over 10 leading providers. Dr. Teeradej Damrongplasit, head of the corporate business group at True Corporation, said learning opportunities should not be limited by distance or by constraints on access to devices, while Professor Dr. Cholwit Jiarajit, president of Srinakharinwirot University, said the collaboration is an important step in transforming Thai education in the AI era.

Verizon Communications is expanding its push toward next-generation wireless technology through its Verizon 6G Innovation Forum and real-world trials of emerging 6G capabilities, focused on building an artificial intelligence-native network. The company has added nine major technology companies to the forum, including Amazon Web Services, Cisco, Intel, Keysight Technologies, MediaTek, NVIDIA, Palo Alto Networks, Rohde & Schwarz and VIAVI Solutions, joining founding members Ericsson, Samsung, Nokia, Meta and Qualcomm Technologies. Verizon has demonstrated Integrated Sensing and Communication through trials with Samsung and Qualcomm, testing crowd-density monitoring with wireless signals and tracking drones and ground vehicles alongside high-speed 5G communications. It has also showcased an AI Sports Companion prototype using Meta AI glasses, edge computing and NVIDIA technology, and plans to use the 2028 Los Angeles Olympics as a key testing ground for 6G technologies such as AI, ISAC, robotics and smart wearables. Verizon shares have gained 17.3% over the past year compared with the industry's growth of 94.3%, and the stock trades at a forward price-to-earnings ratio of 9.83 versus an industry average of 38.33, while 2026 earnings estimates have risen 1% to $5.03 per share and 2027 estimates have risen 0.2% to $5.29 over the past 60 days.

True Corporation Public Company Limited, or TRUE, has announced it is elevating its cooperation with partners from transactional relationships to strategic partnerships at the True Partner Forum 2026, under the theme Smarter Together: AI for Sustainable Partnerships. The company is bringing artificial intelligence, or AI, to help improve procurement efficiency, supporting a greenhouse gas management platform, and preparing partners to access green financing. Sigve Brekke, Chief Executive Officer of the TRUE Group, said that customer expectations, energy use, and the impacts of climate change are all challenges that require cooperation from every party in the ecosystem. Dr. Netchanok Wipatasilpin, Chief Sustainability Officer of TRUE, said partners play a vital role in the Net Zero goal, because cutting carbon emissions must cover the entire supply chain. TRUE aims to cut greenhouse gas emissions from its own operations in Scopes 1 and 2 by 42% by 2030 and to reach Net Zero by 2050. Currently, all of its key partners have completed ESG self-assessments, and in 2025 all key partners submitted their Scope 1 and 2 greenhouse gas emissions data through the platform. TRUE also received a full score of 100 from S&P Global for both supply chain management and partner assessment and development, and has been ranked in the top 1% of the world's most sustainable companies in the telecommunications industry for the eighth consecutive year.

AT&T has become the first and only carrier to offer free access to virtual healthcare powered by LifeMD, through an exclusive collaboration that gives eligible wireless and fiber customers a complimentary LifeMD membership valued at $228 annually. More than 100 million eligible AT&T wireless and fiber customers will receive access to LifeMD's nationwide virtual care and pharmacy platform, with the $19-per-month membership fee fully waived. The benefit is available through AT&T's &More program, and customers must enroll to receive it, paying only for the visits, prescriptions, or services they use, with visits starting at $29 for message-based care, $49 for urgent and primary care video visits, and $79 for specialty care. The first 29 million AT&T customers in 11 states — Arizona, Florida, North Carolina, Illinois, Maryland, New Mexico, Iowa, Texas, New York, California, and Michigan — will receive the benefit initially, with additional markets joining in January 2027 as it expands nationwide. AT&T Consumer executive vice president and GM Jenifer Robertson said the offer gives eligible customers a simpler, more accessible way to manage their well-being, while LifeMD Chairman and CEO Justin Schreiber called it a landmark moment for the millions of Americans priced out of convenient, high-quality healthcare.

Sigve Brekke, Chairman of the Executive Committee of True Corporation Public Company Limited, or TRUE, disclosed that the organisation is developing an end-to-end AI business operating model and establishing an AI Center of Excellence to connect business, technology, and execution, as well as appointing a Chief Data and AI Officer to set leadership and serve as the primary owner driving the organisation. All of True's AI projects operate under a centralised Value Realization framework to select, prioritise, and track outcomes against measurable business value, alongside building a Single Data Foundation. True has also begun an end-to-end domain transformation, aiming to redesign how entire systems work rather than improving work piece by piece, while integrating a Responsible AI Practical Framework. On operating model reform, True has divided the market into approximately 6,000 nano clusters and is developing personnel in Mini-CEO roles so they can better manage and take responsibility for their own market areas, citing the Boston Consulting Group's Consumer for the Future 2026 report, which states that 70% of consumers are likely to decide to buy products or services based on AI recommendations.

True Internet Corporation, under True Corporation, or TRUE, is one of the winners of the auction for the project to provide universal basic telecommunications services and social services, Phase 3, or USO 3, which the NBTC announced on 11 September 2026. TRUE won 2 of 5 groups: the northern group, worth 1.25 billion baht, together with Infraset, or INSET, and the central group, worth 762 million baht, together with Wire and Wireless. As a result, the two projects have a combined contract value of approximately 2.01 billion baht. For the remaining 3 regions, the winners include groups whose members are Thaicom, or THCOM, Interlink Telecom, or ITEL, and Turnkey Communication Services, or TKC. The proportion held by TRUE in each joint venture group has not yet been disclosed. The financial benefit figures estimated from the full contract value therefore represent the upper bound, and the revenue actually recognised by TRUE may be lower than the estimate in line with its participation proportion in the project. Payment terms are divided into 2 phases. In the first phase, network planning and installation, payment is received in 3 installments within the first year after signing, accounting for 47% of the contract value. The other phase, 53%, is gradually recognised over 5 years. Tisco Securities expects the contract signing to take place in late 2026, leading TRUE to begin recognising revenue from the first-phase work in 2027 of approximately 945 million baht, or only 0.5% of its total revenue estimate of 192 billion baht, while revenue from the operating phase will begin to be gradually recognised from 2028. Although the auction result is a positive factor, the impact on estimates remains limited because government work carries relatively low margins. Assuming a net margin of 5%, the additional net profit would account for only 0.2% of the net profit estimate of 27.5 billion baht. Tisco Securities maintains its buy recommendation on TRUE with a fair value based on discounted cash flow of 16 baht per share, based on a weighted average cost of capital of 8.3%, equivalent to a 2026 price-to-earnings ratio of 23 times, below the 5-year historical average of 27 times.

True Corporation, or TRUE, is among the winners of the auction for the Universal Service Obligation project for basic telecommunications and social services, known as USO 3, for which the National Broadcasting and Telecommunications Commission announced results across all five regions on September 11, 2026. True Internet Corporation won 2 of the 5 groups: the Northern region, valued at 1.25 billion baht, together with INSET, and the Central region, valued at 762 million baht, together with Wire and Wireless. Revenue recognition is expected to begin in 2027. Payment is divided into 2 phases under the terms of reference announced in September 2025. Phase 1 covers planning and network installation, accounting for 47% of the contract value, paid in 3 installments within the first year after signing. Phase 2 covers operations, accounting for the remaining 53%, recognized gradually over 5 years. Tisco's research team said the auction result is a positive factor for TRUE, but the overall impact remains fairly limited. It expects the contract to be signed in late 2026, so Phase 1 revenue would begin to be recognized in 2027 at around 945 million baht, or only 0.5% of its revenue estimate of 192 billion baht. Phase 2 revenue will be recognized gradually from 2028 onward. Tisco maintained its buy recommendation on TRUE with a fair value of 16.00 baht.

The National Broadcasting and Telecommunications Commission, or NBTC, has announced the winners of the USO 3 auction, a procurement of high-speed internet services under the project to provide universal and social basic telecommunications services in areas that lack or still have inadequate coverage, for public health, public benefit, and security purposes. The project has a total value of 5.42 billion baht, divided into 5 contracts. A subsidiary of True Corporation Public Company Limited, or TRUE, was among the winners and secured 2 contracts worth a combined 2.01 billion baht. These comprise the northern region contract, valued at 1.25 billion baht, won in partnership with Infraset Public Company Limited, or INSET, under the joint venture name TI, and the central region contract, valued at 761.50 million baht, won in partnership with Wire and Wireless Company Limited under the joint venture name TW. Meanwhile, Interlink Telecom Public Company Limited, or ITEL, and Thaicom Public Company Limited, or THCOM, joined forces under the joint venture name TCI to win 2 contracts worth 2.45 billion baht: the northeastern region contract, valued at 1.88 billion baht, and the eastern and western regions contract, valued at 564 million baht. ITEL, together with Turnkey Communication Services Public Company Limited, or TKC, under the joint venture name Interlink TKC, won the southern region contract, valued at 965.70 million baht. Krungsri Securities noted that initially no USO 3 project has been factored into its calculations. Revenue recognition from USO 3 would amount to 950 million baht; applying a net profit margin of 15% would boost profit in 2027 by 71 million baht, and by 14 million baht from 2028 onward, which is considered very small compared with TRUE's profit level of 31 billion baht in 2027.

Bell Canada and the Government of Saskatchewan announced a non-binding memorandum of understanding to expand Bell AI Fabric in Saskatchewan with the phased development of up to 900 megawatts of additional capacity, creating a path to a 1.2 gigawatt Canadian AI infrastructure hub in the province. The full buildout is expected to represent the largest capital investment in Saskatchewan's history, with total capital investment including data centre infrastructure, tenant compute and related power generation potentially exceeding $50 billion. The additional capacity would come from partner-developed natural gas power generation, and the proposed facilities would use closed-loop cooling technology requiring no municipal water, with development proceeding in phases as customer commitments are secured and subject to commercial agreements, permits, approvals and environmental assessments. The project is expected to support 800 to 1,200 construction, engineering and technical jobs, create up to 600 permanent operations and management roles, and potentially generate as many as 3,000 additional offsite and community jobs. As part of the expanded partnership, Bell AI Fabric will establish a head office of its national ecosystem in Saskatchewan, placing the province at the heart of Canada's AI economy.

Verizon announced the expansion of its 6G Innovation Forum with nine new members and reported successful pre-standard field trials of Integrated Sensing and Communication and an AI Sports Companion prototype. Amazon Web Services, Cisco, Intel, Keysight Technologies, MediaTek, NVIDIA, Palo Alto Networks, Rohde & Schwarz and VIAVI Solutions have officially joined the forum, which was launched last year and already includes founding members Ericsson, Samsung, Nokia, Meta and Qualcomm Technologies. In one trial staged at a major international soccer celebration in Dallas, Texas, Verizon and Samsung used a single 5G base station and 40MHz of CBRS spectrum to track radio variations from six Samsung Galaxy smartphones, with Samsung's AI RAN and edge AI platform Network in a Server generating real-time crowd-density heatmaps on commercial phones and a tablet. In a second trial at Qualcomm's San Diego campus, the companies used 100 to 400MHz of millimeter-wave spectrum and four synchronized Transmission and Reception Points to track an airborne drone and moving ground vehicles while maintaining uninterrupted 5G Standalone communications to a phone user on the ground. Verizon also showcased a prototype AI Sports Companion application running on the Verizon Edge Network with Meta AI glasses, a locally optimized Small Language Model, an NVIDIA DGX Spark and statistics from SportsDataIO, letting users ask verbally for real-time player statistics, live score interpretations and game-winning probabilities. Verizon said forum members will continue sharing learnings from future demonstrations involving ISAC, digital twins, robotics, AI and advanced wearables, and it views the 2028 Summer Olympics in Los Angeles as the ultimate interim proving ground on the road to commercial 6G deployment, supported by its dedicated 6G Lab already established in the host city.

AT&T announced a deal with Amazon to become the first telecom company in the U.S. to offer broadband satellite services via Amazon Leo, which uses the tech giant's low Earth orbit satellite network. AT&T, which already offers fiber and 5G, says that with satellite services it is now uniquely positioned to provide reliability by bringing together three critical network layers. The move comes as investors have worried that SpaceX's Starlink internet service might chip away at AT&T's market share, and the company has shown it will not be passive in that area. AT&T stock has declined 12% over the past 12 months while the S&P 500 has risen more than 16%, and it trades at less than nine times trailing earnings with a dividend yield of 4.3%, far above the S&P 500 average of around 1.1%.

True Corporation has announced a partnership with allies at the True Partner Forum 2026 under the theme Smarter Together: AI for Sustainable Partnerships, elevating collaboration from partners to co-thinkers. The company is bringing AI to bear on improving procurement efficiency and is opening its GHG Emission Platform to partners free of charge so they can measure and track greenhouse gas emissions, paving the way to access green financing for investment in energy-saving and low-carbon technologies. Sigve Brekke, President of the Executive Committee of True Corporation, said the collaboration is tied to two commitments: jointly creating superior customer experiences through innovation, and building a more sustainable future for the next generation. Dr. Netchanok Wipatasilpin, Head of the Executive Committee for Corporate Sustainability, said True has set a Net Zero target of 90% by 2050, along with a 42% reduction in greenhouse gas emissions from its own operations under Scope 1 and 2 by 2030. Currently, 100% of True's key partners have completed ESG self-assessments, and in 2025 the group of key partners fully entered their Scope 1 and 2 greenhouse gas emissions data through the platform. Meanwhile, GSMA reports that data traffic over mobile networks in Asia-Pacific rose 350% between 2019 and 2024. True received a score of 100 from S&P Global in both supply chain management and supplier assessment and development, and has ranked in the Top 1% of the world's most sustainable companies in the telecommunications industry for the eighth consecutive year.

True Corporation Public Company Limited, or TRUE, has announced a dividend from its second-quarter results of 0.15 baht per share, up about 7% from the previous quarter. The company is also switching to a quarterly dividend payment schedule and revising its dividend policy to no less than 70% of net profit, up from the previous minimum of 60% of net profit. On an annualized basis, assuming the same 0.15 baht per share is paid in all four quarters, total dividends would come to about 0.60 baht per share per year, and based on a share price of 13 baht, that would give a dividend yield of about 4.6% per year. Krungsri Securities Public Company Limited expects TRUE's net profit trend to keep growing now that the company has passed its period of heavy investment to upgrade and develop its network, and it forecasts a dividend yield of about 4.8% in 2026 before rising to about 6% in 2027. As for China Mobile's sale of TRUE shares, Krungsri Securities sees limited impact, since the number of shares sold represents no more than 1% of the total, and therefore does not significantly affect the shareholder structure or long-term fundamentals.

Shares in the beneficiaries of the USO 3 universal and social telecommunications service project rose in unison after the National Broadcasting and Telecommunications Commission announced the winners of all five packages, with a combined budget of 5.42 billion baht. Leading the gainers was Interlink Telecom, or ITEL, whose shares stood at 1.66 baht, up 0.18 baht, or 12.16%. Thaicom, or THCOM, was at 10.40 baht, up 0.40 baht, or 4.00%. Infraset, or INSET, and Turnkey Communication Services, or TKC, were both at 4.54 baht, up 0.14 baht, or 3.18%. On September 11, 2026, Trairat Viriyasirikul, deputy secretary-general of the NBTC and acting secretary-general, signed the announcement of the winners of the electronic bidding for high-speed internet services under the USO 3 project across five packages. Package 1, the northern region, went to the TI consortium, comprising True Internet Corporation under True Corporation, or TRUE, and INSET, at a price of 1.25 billion baht. Package 2, the northeastern region, went to the TCI consortium, comprising THCOM and ITEL, at a price of 1.88 billion baht. Package 3, the central region, went to the TW consortium, comprising True Internet Corporation and Wire and Wireless, at a price of 761.50 million baht. Package 4, the eastern and western regions, went to the TCI consortium, comprising THCOM and ITEL, at a price of 564.00 million baht. Package 5, the southern region, went to the Interlink TKC consortium, comprising ITEL and TKC, at a price of 965.70 million baht. Asia Plus Securities said in a research note that THCOM received a boost from teaming up with ITEL to win two of the five contracts in the Phase 3 border internet project, with a combined value of about 2.45 billion baht, and assessed that the bidding outcome would generate revenue with certainty throughout the five-year contract term, with revenue recognition expected to begin in early 2027. It raised its 2027 profit forecast from 381 million baht to 729 million baht and lifted its 2027 target price from 11.30 baht to 11.80 baht using the DCF method, while upgrading its recommendation from Trading to Buy.

The National Broadcasting and Telecommunications Commission, or NBTC, said its acting secretary-general has signed the announcement of the winning bidders for the tender to provide high-speed internet services under the Universal Service Obligation project, or USO 3, covering all five groups with a combined value of 5.42 billion baht. Group 1, the northern region, was won by the TI consortium, comprising True Internet Corporation and Infraset, with the lowest bid of 1.2485 billion baht. Group 2, the northeastern region, was won by the TCI consortium, comprising Thaicom and Interlink Telecom, with the lowest bid of 1.884 billion baht. Group 3, the central region, was won by the TW consortium, comprising True Internet Corporation and Wire and Wireless, with the lowest bid of 761.5 million baht. Group 4, the eastern and western regions, was won by the TCI consortium with the lowest bid of 564 million baht. Group 5, the southern region, was won by the Interlink TKC consortium, comprising Interlink Telecom and Turnkey Communication Services, with the lowest bid of 965.7 million baht. All prices include value-added tax and all expenses. Krungsri Securities said the USO3 auction process is not yet fully complete, as it still requires official approval from the NBTC board meeting in about one month and gives interested parties the opportunity to file objections within seven business days, or by September 22, 2026, which could delay the official announcement of the winners by about two more months and push revenue recognition to around December 2026 or early next year. Krungsri Securities maintained its buy rating on THCOM with a target price of 14.7 baht and on INSET with a target price of 6.34 baht, and upgraded ITEL to buy from hold with a new target price of 2.0 baht, up from 1.5 baht.

Shares of Interlink Telecom Public Company Limited, or ITEL, Thai Com Public Company Limited, or THCOM, and Infraset Public Company Limited, or INSET, rose after the companies won the USO#3 auction project, a sub-project under the National Broadcasting and Telecommunications Commission's announcement of the lowest bidders late last Friday. The contracts have a combined value of 5.42 billion baht, covering five regions across Thailand, with THCOM, ITEL, TRUE, INSET and TKC securing contracts in the project. Most recently, ITEL shares stood at 1.66 baht, up 0.18 baht, or 12.16%; INSET shares stood at 4.54 baht, up 0.14 baht, or 3.18%; and THCOM shares stood at 10.40 baht, up 0.40 baht, or 4.00%. Krungsri Securities said THCOM and ITEL are the main beneficiaries of this project because their profits will recover from losses in 2027, or may even double. It maintained a buy recommendation on THCOM with a target price of 14.7 baht and on INSET with a target price of 6.34 baht. At the same time, it upgraded its recommendation on ITEL to buy from hold, with a new target price of 2.0 baht from 1.5 baht, based on a PBV of 0.8 times versus 0.6 times previously.

The Office of the NBTC has announced the winners of the tender for high-speed internet services under the project to provide universal and social telecommunications services, known as USO 3, in underserved areas, covering all five regional lots with a combined value of 5.4237 billion baht. In Lot 1, the North, the winner is the TI joint venture, comprising True Internet Corporation Co Ltd and Infraset Public Company Limited, or INSET, with the lowest bid of 1.2485 billion baht. In Lot 2, the Northeast, the winner is the TCI joint venture, comprising Thaicom Public Company Limited, or THCOM, and Interlink Telecom Public Company Limited, or ITEL, worth 1.884 billion baht. In Lot 3, the Central region, the winner is the TW joint venture, comprising True Internet Corporation Co Ltd and Wire and Wireless Co Ltd, worth 761.5 million baht. In Lot 4, the East and West, the winner is again the TCI joint venture, comprising THCOM and ITEL, worth 564 million baht. In Lot 5, the South, the winner is the Interlink TKC joint venture, comprising ITEL and Turnkey Communication Services Public Company Limited, or TKC, worth 965.7 million baht. These results make INSET, THCOM, ITEL and TKC the stocks set to benefit from the USO 3 work, particularly ITEL, which won three projects, Lots 2, 4 and 5, with a total announced contract value of approximately 3.4137 billion baht, while THCOM won Lots 2 and 4 for a combined 2.448 billion baht, creating opportunities to build on revenue from the telecommunications infrastructure business going forward.

The NBTC has announced the winners of the tender for high-speed internet services under the USO 3 project in all five regions, awarded through e-bidding with a combined value of 5.4237 billion baht. Triarat Viriyasirikul, deputy secretary-general of the NBTC and acting secretary-general, signed the announcement on 11 September 2026. For Region 1, the North, the TI joint venture, made up of True Internet Corporation, a subsidiary of True Corporation, and Infraset, won with the lowest price of 1.2485 billion baht. Region 2, the Northeast, went to the TCI joint venture of Thaicom and Interlink Telecom at 1.884 billion baht. Region 3, the Central region, was won by the TW joint venture of True Internet Corporation and Wire and Wireless at 761.5 million baht. Region 4, the East-West region, went to the TCI joint venture of Thaicom and Interlink Telecom at 564 million baht, and Region 5, the South, was won by the Interlink TKC joint venture of Interlink Telecom and Turnkey Communication Services at 965.7 million baht. All prices include value-added tax and all expenses. Counting only the work won by the Thaicom and Interlink Telecom joint venture in Regions 2 and 4, the combined value comes to 2.448 billion baht, while True has a share in two contracts through its subsidiary worth a total of 2.01 billion baht, and Interlink Telecom is also partnering with Turnkey Communication Services in the South for another 965.7 million baht.

The NBTC has announced the winners of the tender for high-speed internet services under the USO 3 project across all 5 packages, held via e-bidding, with a total value of 5.42 billion baht. Trairat Viriyasirikul, Deputy Secretary-General of the NBTC and Acting Secretary-General, signed the announcement on 11 September 2026. For Package 1, the North, the TI joint venture, comprising True Internet Corporation Limited under the TRUE group and Infraset Public Company Limited, or INSET, submitted the lowest bid at 1.25 billion baht. Package 2, the Northeast, was won by the TCI joint venture, comprising Thaicom Public Company Limited, or THCOM, and Interlink Telecom Public Company Limited, or ITEL, at 1.88 billion baht. Package 3, the Central region, was won by the TW joint venture, comprising True Internet Corporation Limited and Wire and Wireless Company Limited, at 761.5 million baht. Package 4, the East-West region, was won by the TCI joint venture of THCOM and ITEL at 564 million baht. Package 5, the South, was won by the Interlink TKC joint venture, comprising ITEL and Turnkey Communication Services Public Company Limited, or TKC, at 965.7 million baht. All prices include value-added tax and expenses. The project covers the North, Northeast, Central, East-West and South regions to provide high-speed internet services in areas that lack or still have inadequate service, supporting public health, the public interest and security.

The NBTC has announced the winners of the auction for high-speed internet services under the USO 3 project across all five groups, with a combined value of 5.4237 billion baht. Mr. Trairat Viriyasirikul, Deputy Secretary-General of the NBTC and Acting Secretary-General, signed the announcement on September 11, 2026, under the electronic bidding method. Group 1, the North, was won by the TI joint venture, comprising True Internet Corporation Co., Ltd. and Infraset Public Company Limited, with a bid of 1.2485 billion baht. Group 2, the Northeast, was won by the TCI joint venture, comprising Thaicom Public Company Limited and Interlink Telecom Public Company Limited, with a bid of 1.884 billion baht. Group 3, the Central region, was won by the TW joint venture, comprising True Internet Corporation Co., Ltd. and Wire and Wireless Co., Ltd., with a bid of 761.5 million baht. Group 4, the East to West region, was won by the TCI joint venture with a bid of 564 million baht. Group 5, the South, was won by the Interlink TKC joint venture, comprising Interlink Telecom Public Company Limited and Turnkey Communication Services Public Company Limited, with a bid of 965.7 million baht. All submitted prices were the lowest bids and include value-added tax and all expenses.

FingerMotion, Inc. reported approximately $5.1 million in cash and cash equivalents and a nearly 30% reduction in monthly cash burn in the first 30 days under its new management team. The improved cash position reflects recent financing activity, including the Company's registered direct offering completed on August 31, 2026, together with tighter working-capital management. New management implemented a company-wide efficiency program focused on overhead, vendor spend, and non-core costs, and said it intends to keep identifying additional cost and process improvements as it reallocates resources toward its North American enterprise compute strategy. The Company also confirmed it has terminated its at-the-market issuance sales agreement with R.F. Lafferty & Co., Inc., originally dated October 23, 2025, a move management called prudent given current market conditions and its preference for more discrete, negotiated financings in the immediate term. Chief Executive Officer Jolie Kahn said the steps create operating room as FingerMotion concentrates on North American compute infrastructure, while Chief Financial Officer Chris Polimeni said the combination of roughly $5.1 million of unrestricted cash and a lower run-rate burn gives the Company a more durable near-term liquidity profile.

True Corporation Public Company Limited, or TRUE, has announced a dividend payment of 0.15 baht per share, higher than analysts' previous estimate of 0.144 baht per share. The stock went ex-dividend on August 17, 2026, reflecting a rise in the payout ratio to 79% from 73%, according to Krungsri Securities. Meanwhile, Globlex Securities said the dividend represents a yield of approximately 1.1% and takes a positive view of the earnings outlook for the second half of 2026, with lower network costs expected to be a key factor supporting profitability. If this trend continues, it could open the way for TRUE's profits to improve and may provide support for dividend payments per share going forward.

True Corporation Public Company Limited, or TRUE, has announced a dividend payment of 0.15 baht per share, higher than analysts' previous estimate of 0.144 baht per share. The stock has already gone ex-dividend on August 17, 2026, lifting the payout ratio to 79% from 73%, according to data from Krungsri Securities. Meanwhile, Globlex Securities said the dividend represents a yield of approximately 1.1% and takes a positive view on the company's performance trend in the second half of 2026, with lower network costs seen as a key factor supporting profitability. If that trend continues, it could open the way for TRUE's earnings to improve and may provide support for dividend payments per share in the period ahead.

True Corporation, through True Lab, together with the National Innovation Agency, or NIA, and the Thai Health Promotion Foundation, or ThaiHealth, has opened the True Innovation Launchpad 2026 stage under the concept Healthy Longevity Tech for Super-Aged Society, inviting students to develop technology and innovations to improve the quality of life for the elderly. More than 945 participants from 37 universities nationwide took part, submitting 203 ideas to the competition, and the judging panel selected 5 finalist teams to receive prototype development funding: Team CS-M Tool from Chulalongkorn University, Team InSight Out from Mahidol University, Team W.I.S.P.E.R. from Mahidol University, Team Hackkatui from Prince of Songkla University, and Team Innosenses, a collaboration of students from Rangsit University, the Thai-Nichi Institute of Technology, Silpakorn University, and Dhurakij Pundit University. All 5 teams will enter a 12-week prototype development phase, receiving guidance from business and technology experts, before presenting their work in the final round on December 16, 2026. The project is being held against the backdrop that more than 20% of Thais are aged 60 or over, the second-highest share in ASEAN after Singapore, and it is expected that by 2030 nearly 1 in 3 Thais will be elderly.

AT&T executives said at a Citi conference that the company's multiyear investment strategy has strengthened its network assets, reduced leverage and positioned its connectivity businesses for further growth. Chief Financial Officer Pascal Desroches said AT&T has invested more than $150 billion over the past five years and now has what he described as the nation's largest fiber broadband network and its strongest spectrum position to date, crediting the divestitures of DirecTV and Time Warner and a reduced dividend with enabling reinvestment in core operations. Desroches said the company has guided for double-digit earnings-per-share growth this year and plans to return about 100% of free cash flow to shareholders through dividends and share repurchases, and he reiterated guidance for 3% to 4% EBITDA growth this year, accelerating to more than 5% by 2028. Melissa Arnoldi, executive vice president and general manager of AT&T Business, said the segment's nearly 2% year-over-year advanced connectivity service-revenue growth in the second quarter marked an inflection point, with strategic wireline and wireless products now accounting for 80% of the AT&T Business portfolio, a mix reached about a year ahead of the timeframe previously discussed with investors. Desroches said AT&T expects by year-end it will no longer be required to offer copper service across more than 85% of its footprint and will be able to discontinue copper service in about 30% of its footprint, with a full exit from copper infrastructure expected by the end of the decade.

AT&T CEO John Stankey said SpaceX's Starlink will not displace established wireless carriers, describing the relationship as a "complementary dynamic" rather than direct competition. Speaking at the Goldman Sachs Communacopia & Tech Conference, Stankey said Starlink "doesn't get through buildings very well" and cannot penetrate high-rises or crowded stadiums, leaving AT&T uniquely positioned to meet customer performance expectations. He acknowledged Starlink's strengths in airlines, rural areas, and IoT applications such as connected vehicles with line of sight to the sky, and said AT&T could aggregate traffic and bring customers to satellite operators including Amazon and SpaceX through the wholesale market. Concerns have been rising on Wall Street that Starlink, after acquiring terrestrial spectrum and deploying advanced satellites, could move from rural broadband into a standalone cellular network and direct mobile competitor, pressuring carriers' enterprise, emergency service, rural, and international roaming revenue. KeyBanc analyst Brandon Nispel said investors are giving Starlink Mobile too much credit despite clear scaling challenges, and that no impact on broadband subscriber growth has been seen.