True Corporation has revised down its service revenue growth target for 2026 to 1 to 2 percent, from the previous forecast of 2 to 3 percent, while keeping its EBITDA growth target at 7 to 9 percent and capital expenditure at 25 to 27 billion baht. The revenue target cut stems from economic volatility, slowing purchasing power, and lower-than-expected revenue from enterprise and pay-TV businesses. Maintaining the EBITDA target reflects confidence in cost management. The company also affirmed that changes in shareholders will not affect business operations, with China Mobile, which holds a 7.81 percent stake, continuing to have a role on the board and no plans to fully divest.
True Corporation Public Company LimitedLowers 2026 revenue growth target due to economic volatility and weak enterprise/pay-TV demand.
China Mobile Limited