Auction bids weigh down SCB forecast | Bangkok Post: business

Business > Telecom

Auction bids weigh down SCB forecast

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Siam Commercial Bank (SCB) is taking a neutral stance on digital TV due to the high auction prices for licences. 

Even so, it will provide financial support for TV infrastructure investment under its normal practice of loan analysis, while project feasibility and returns are key factors, said Arthid Nanthawithaya, the senior vice-president for wholesale banking.

But the business may take a long time to break even due to high costs, particularly from the auction prices for licences. The prices, which were generally higher than market expectations, do not include infrastructure investment.

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