True Corporation has confirmed that China Mobile has no intention of selling its entire 7.81% stake, and is only considering a minor sale of no more than 1% to rebalance its investment portfolio, which will have no impact on operations or business fundamentals. The company has also revised down its 2026 service revenue target excluding interconnection charges to growth of 1 to 2 percent, from the previous 2 to 3 percent, while maintaining its EBITDA growth target of 7 to 9 percent and capital expenditure of 25 to 27 billion baht. True Corporation has laid out a four-pronged strategy to drive a recovery, focusing on leveraging its spectrum advantage, which is 30 percent wider than competitors, to convert data usage growth averaging 20 percent per year into revenue through pricing measures, and pushing ahead with its modular My Plan packages that deliver average revenue per user 23 percent higher than standard products. It also aims over the long term to increase the revenue share of its B2B segment from 8 to 9 percent to 15 to 20 percent, shifting its role toward advanced technology services through a partnership model.
True Corporation Public Company LimitedChina Mobile's stake sale limited to 1% with no operational impact, and company maintains EBITDA and capex targets despite revenue guidance cut.
China Mobile LimitedChina Mobile considering minor stake sale of up to 1% to rebalance portfolio, but no impact on operations or fundamentals.
