True may pass on spectrum bid

True may pass on spectrum bid

A source says the company has no time to secure B37.45bn in minimum funding for the auction. By Komsan Tortermvasana

True Move's booth for tourists at Suvarnabhumi airport. The No.2 mobile firm says it is unlikely to show up for the NBTC's Aug 4 auction of 18MHz spectrum. (File photo)
True Move's booth for tourists at Suvarnabhumi airport. The No.2 mobile firm says it is unlikely to show up for the NBTC's Aug 4 auction of 18MHz spectrum. (File photo)

True Move, the country's second-largest mobile operator, might not join the planned 1800-megahertz spectrum auction in August unless the bidding is postponed by at least three months, a delay that would help the company raise the necessary funds for the 37.45-billion-baht minimum reserve price, says an industry source.

"We are urging the NBTC to postpone the auction by another three months," the source said.

True Move will not have enough time to secure the minimum 37.45-billion-baht reserve price of each 1800MHz licence (for 30MHz of bandwidth of download and upload), the source said.

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