Thailand Telecommunications Q2 2018
We have made minor forecast corrections in the latest Q218 Thailand telecoms update as the wireline voice marketshowed a greater than expected decline while broadband outperformed our expectations slightly. We maintain that competition willcontinue to be strong as operators compete to migrate 2G subscribers to 3G and 4G, incurring higher costs from marketingexpenses and handset subsidies. The mobile market has grown largely in line with our forecasts, and we view upcoming spectrumauctions as positive for operators to develop 4G coverage to audiences in rural areas.
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