NBTC finalises USO 3 results totalling 5.4237 billion baht; THCOM, ITEL, INSET and TKC sweep all five regional lots

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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.

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