Internet Thailand Public Company Limited

Internet Thailand or INET, together with Express Software Group, has launched the Express on Cloud by INET service, bringing ERP systems to the cloud to elevate SMEs towards digitalization. This combines INET's expertise, having operated in Thailand for over 31 years, with Express Software's experience in providing business software for over 36 years. This new service enables entrepreneurs to access accounting and management systems anytime, anywhere, reducing system maintenance complexity. Currently, Express has over 101,792 licenses in use, while Express on Cloud already has over 26,000 users. Additionally, Express offers e-Tax services in partnership with One Electronic Billing, which holds a market share of over 50% and has processed over 1 billion transactions. This collaboration also aligns with the concepts of Data Sovereignty and Data Governance to protect data and pave the way for the future.

Internet Thailand Public Company Limited, or INET, a Thai provider of cloud and digital platform services, has announced its commitment to advancing the country's digital sovereignty under the concept of "Humble & Harmony." The company operates three data centers: INET-IDC1 with a capacity of 0.7 megawatts, INET-IDC2 with 1.2 megawatts, and INET-IDC3 with 3-4 megawatts per phase, located in Saraburi Province on a site spanning over 400 rai. These facilities support a total of over 100,000 VMIs. All three centers are designed to Uptime Tier III standards and have received ISO/IEC 27001, ISO/IEC 20000-1, ISO/IEC 27701, and ISO/IEC 27017 certifications. They are equipped with a self-developed DCIM system for efficient resource management. In terms of energy, INET utilizes power from solar farms and is preparing to develop a Battery Energy Storage System (BESS). The buildings are designed with passive design principles and use air-based cooling with a Water Usage Effectiveness (WUE) of zero, avoiding the use of tap water or groundwater for cooling. Furthermore, INET is preparing to expand to a fourth data center (INET-IDC4) in Khon Kaen Province, with a power capacity of 4 megawatts per phase, up to a maximum of 20 megawatts for the entire project. The company also plans to establish Innovation Hubs in Khon Kaen, Chiang Mai, Songkhla, and Nakhon Ratchasima to create high-skilled jobs and employ 100% Thai workers, totaling over 3,000 people. This underscores INET's commitment to reducing reliance on foreign technology and enhancing the country's data security.

BGRIM views PDP2026 not only as a factor requiring the company to adapt, but also as an opportunity to expand its business from an electricity producer to an Energy Tech Company encompassing clean energy, power grid systems, digital infrastructure, and data centers to support long-term digital economic growth. The company is accelerating short-term revenue generation from approximately 250 megawatts of generating capacity ready to connect to customers immediately. Meanwhile, its 96-megawatt hyperscale data center project in Chonburi is over 45% complete, with partial operations expected to commence in late 2026, and aims to expand total capacity to 300 megawatts by 2030. The company has established four main business units to support these opportunities, including a joint venture with iNet to elevate industrial estates to Smart Industrial Estate status, and the development of a clean energy portfolio under the GreenLeap strategy, targeting 10,000 megawatts of contracted capacity by 2030. Analysts from Krungsri Securities recommend a "Buy" with a target price of 23.0 baht per share, and KGI Securities recommends a "Buy" with a 2027F target price of 23.50 baht.

Internet Thailand Public Company Limited, or INET, reported its second quarter 2026 results at an Opportunity Day event, with total revenue from sales and services of 876.58 million baht, up 13% from the same period last year. Cumulative VMI count stood at 117,077 VMIs, reflecting expansion of its cloud and digital infrastructure business driven by steadily rising domestic demand for digital infrastructure, especially from government and private sectors that prioritize domestic data storage, processing, management, and data security. Mr. Wallchai Vechcheevadumrong, Deputy Managing Director and Chief Financial Officer, said the growth was supported by the expansion of digital transformation initiatives at the Ministry of Education and increased demand for enterprise architecture services in the private sector. The company is also moving forward with development of the EduPass system together with the Ministry of Education, which is expected to go live within six months, with initial installation starting in January 2027. It is also developing INET-IDC4 to support expansion of cloud services and future growth in data center demand.

Internet Thailand Public Company Limited, or INET, reported second-quarter 2026 revenue from sales and services of 876.58 million baht, up 13 percent from the same period last year. Its cumulative number of virtual machine instances, or VMIs, stood at 117,077, reflecting steadily rising domestic demand for cloud infrastructure services. The company is developing the EduPass system with the Ministry of Education, expected to go live within six months, with initial deployment starting in January 2027. It is also moving ahead with the INET-IDC4 data center to support growth in cloud services, data center demand, and future AI technology.

Internet Thailand Public Company Limited, or INET, has disclosed that the data centre industry in Thailand is expanding markedly, driven by demand for local cloud services and the data sovereignty trend, while reaffirming its 2026 revenue target of 3.5 billion baht. Mr. Wallchai Vetchcheewadamrong, Deputy Managing Director and Chief Financial Officer, stated that the construction of the new INET-IDC4 data centre in Khon Kaen province, worth 2.5 billion baht, remains on track and is expected to commence operations in the first or second quarter of 2027, with plans to inject it into a REIT in the future. In addition, INET has partnered with B.Grimm Power Public Company Limited, or BGRIM, to establish a joint venture, B.Grimm INET Company Limited, to develop comprehensive digital infrastructure and technology platforms for industrial factory customers, starting at the Bangkadi Industrial Estate in the first year.

Internet Thailand Public Company Limited, or INET, together with the Ministry of Education and 14 partner agencies, has signed a memorandum of understanding on academic cooperation to drive the Education ID and Learner ID digital identity system as a central digital infrastructure for Thailand's education system. The signing ceremony took place on 27 July 2026 at the Khurusapha Auditorium, with Mr. Prasert Chantarawongthong, Minister of Education, presiding. This collaboration aims to develop Education ID and Learner ID as a central standard for authenticating and verifying the identities of learners, teachers, educational personnel, and members of the public accessing services from educational agencies, enabling the use of a single digital identity throughout the learning journey. The system will help reduce data redundancy and the burden of registering for multiple systems, while improving data quality to be accurate, standardized, and capable of automatic linkage or exchange between agencies, supporting continuous and seamless educational services. It also emphasizes data governance in accordance with data governance principles, personal data protection under the Personal Data Protection Act B.E. 2562, and compliance with digital government laws and standards. The Ministry of Education stated that Education ID and Learner ID will serve as a digital identity card for learners in Thailand's education system and a key mechanism for linking educational data and services under a unified standard.

InfoQuest News Agency reports the latest bond issuance schedule, covering multiple companies from July to September. The offerings include general bonds, high-yield bonds, and ESG bonds. For example, Internet Thailand Public Company Limited, or INET, is offering two tranches of high-yield bonds to institutional and high-net-worth investors between July 2 and 6. The first tranche has a tenor of 2 years, 3 months, and 13 days with a coupon of 5.30 percent, and the second tranche has a tenor of 3 years and 2 months with a coupon of 5.50 percent. Meanwhile, True Corporation Public Company Limited, or TRUE, is preparing to offer four tranches of bonds to the general public between July 30 and August 3, with a credit rating of A plus. These consist of a 3-year tranche with a coupon of 2.15 percent, a 5-year tranche with a coupon of 2.50 percent, a 7-year tranche with a coupon of 3.00 percent, and a 10-year tranche with a coupon of 3.20 percent. Additionally, bonds from other companies such as ORI, RML, SA, ASW, TPIPP, UNIQ, PRIN, FPT, MQDC, SC, TFG, STELLA, BGRIM, MUD, STECON, ANAN, TrueMoney, NOBLE, NTF, KUN, SAK, SAWAD, DAOLS, SHR, and SJWD are scheduled for issuance during this period, with varying details on tenors, coupons, and target investor groups.

INET has announced it is pressing ahead with the expansion of its local cloud and data centre business to meet rising demand from all industries. The company is highlighting its strength as a Thai sovereign cloud provider, with all data stored and processed entirely within the country, addressing the data sovereignty requirements of government agencies and large organisations. It currently serves more than 6,000 customers and expects to grow that base to 8,000. INET operates two data centre facilities in Bangkok with a combined capacity of about 8 megawatts, and main data centres in Saraburi and Khon Kaen with around 20 megawatts. A fourth data centre is under development in Khon Kaen, and the company is scouting locations for a fifth. It is targeting sustained earnings growth of 20 percent per year, supported by data sovereignty and the digital economy.