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| Countries covered: Thailand The Thai telecom market generated $8.0bn in service revenue in 2010. It is a fast-growing market, increasing by 11.2% in 2010 and 11.3% in 2011, rebounding from the slowdown in 2009. We expect growth to stabilize over the next few years however, resulting in a 5.0% CAGR for 2011-2016. Although growth overall will be slower than that of its peers in Asia- Pacific, mobile data will perform especially well, with revenue increasing at a 20.4% CAGR for 2011-2016 after increasing by 42.2% in 2011. Hit with capacity constraints from limited availability of spectrum, mobile operators are investing in building out Wi-Fi networks to deal with the ever-increasing mobile data load. True highlighted building out Wi-Fi hotspots as one of its important initiatives in Q4 2011, and AIS, DTAC, TOT and True are all partnering on Wi-Fi networks in a few high-traffic shopping areas. |
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