Communication Services

KGI Securities (Thailand) said in an analysis dated October 2, 2026, that it expects Advanced Info Service, or ADVANC, to report net profit of approximately 13.3 billion baht for the third quarter of 2026, down about 3% from the previous quarter but up roughly 11% from the same period a year earlier. Core profit is expected at approximately 13.2 billion baht, down 3% from the previous quarter and up 10% from a year earlier. Total revenue this quarter is expected at approximately 57.7 billion baht, up 5.8% from the same period a year earlier but down 0.3% from the previous quarter, driven by continued growth in the mobile phone business and the Fixed Broadband, or FBB, business. If the forecast holds, core profit for the first nine months of 2026 will be approximately 40.3 billion baht, up 20% from the same period a year earlier, accounting for about 73% of KGI's full-year 2026 profit estimate. KGI expects normal profit for the full year at approximately 55.1 billion baht, up 19.8% from a year earlier, and expects it to rise to approximately 58.2 billion baht in 2027. KGI maintains its Outperform recommendation and has lowered its 2027 target price to 396 baht from 425 baht, seeing roughly 15% upside from the share price of 345 baht on October 1, 2026, and expects a dividend yield of about 5% per year.

Interlink Telecom Public Company Limited, or ITEL, has been selected by the Provincial Electricity Authority, or PEA, to carry out the project to tidy communication cables on power poles for the year 2026. The project is divided into two parts: work in the central region worth 148,774,493.70 baht, and work in the southern region worth 117,830,798.25 baht, for a total value of 266,605,291.95 baht. Dr. Nattanai Anantarumporn, Chief Executive Officer of ITEL, said the company is pleased to have earned PEA's trust and is committed to completing the work efficiently and on target. The two projects, with a combined value of more than 266 million baht, will help strengthen the company's telecommunications infrastructure revenue base, with revenue recognition proceeding in line with the operating plan and contract conditions after signing.

The Thai stock market index on October 2, 2026 closed at 1,571.62 points, up 7.71 points or 0.49%, with trading value of 71.09 billion baht. Foreign investment flowed out toward U.S. government bonds, which offer lower risk and yields above 5%, while Thai stocks still await third-quarter 2026 earnings. PTT Oil and Retail Business, or OR, sent positive signals as it prepares for a tourism recovery that is driving growth in jet fuel sales. It has also pinned its flag in Phuket and is pressing ahead with budget hotels, gradually opening them in 2027-2028, with a target of 50 locations by 2031. The first phase will pilot six model hotels in high-potential locations: Phuket, Kanchanaburi, Phra Nakhon Si Ayutthaya, Songkhla (Hat Yai), Chonburi and Bangkok, to extend the business and turn PTT Station service stations into safe, standardized overnight stops nationwide. Meanwhile, ITEL won a big project from the Provincial Electricity Authority, or PEA, to organize communications cables across two regions, the central and southern regions, with a combined value of more than 266 million baht, reflecting confidence in its potential and experience in managing communications infrastructure, and positioning it to pursue future telecommunications infrastructure projects. WP completed its share buyback plan as scheduled, repurchasing the full 15,000,000 shares, or 2.94%, for an investment value of 57.08 million baht. CEO Chomkamol Poompanmoung is confident the move will build investor confidence and lift return on equity and earnings per share, while the company proceeds with this year's business plan, targeting LPG sales of 770,000 tons and focusing on expanding the domestic market alongside its rooftop solar business. BA, Bangkok Airways, is passing on something special to thank passengers on the occasion of winning the World's Best Regional Airline and Best Regional Airline in Asia awards from the SKYTRAX World Airline Awards for the 10th consecutive year, with the Lucky TEN campaign, building on the Thank You for 10 Amazing Years campaign launched last September. It invites passengers to join a draw for the right to buy tickets at a special 90% discount, or pay only 10% of the Web Promo (P-Q Class) fare, on five domestic routes, limited to just 200 entitlements, from October 5-9, 2026 only.

Global Securities, or GBS, says King Gen Public Company Limited, or KGEN, is entering a turnaround phase, raising its stake in Omoda & Jaecoo Manufacturing (Thailand) Company Limited, which operates the electric vehicle plants for the OMODA JAECOO and CHERY brands, from the current 43.7% to 51% in early July, and then to 60% in late July to early August. This will shift revenue recognition from the share of profit of an associate to full consolidation of both revenue and profit. Management expects that after the stake increase, revenue will grow significantly year on year to 25 billion baht, with a net profit margin of 2.5-3.0%, or roughly 600-700 million baht. Previously, KGEN reported second-quarter 2026 profit of 37 million baht, up 171% quarter on quarter and 152% year on year, after losses in the first quarter of 2026 and the second quarter of 2025. The main driver was the share of profit from its investment in that associate, whose production line began operating on 20 April 2026, while revenue from sales and services grew to 227 million baht, up 8% quarter on quarter and 36% year on year. Bookings for JAECOO and OMODA electric vehicles at the Big Motor Sale 2026, held from 21-30 August 2026, totaled 5,028 units, with deliveries scheduled for September to October 2026, an additional factor supporting revenue and profit growth. The current share price still cannot be assigned a P/E ratio because the company has posted continuous losses from 2022 through the first six months of 2026, though earnings are expected to turn around from 2026 onward. The stock trades at a P/BV ratio of 2.58 times, above its one-year, two-year and three-year averages of 2.56, 2.30 and 2.10 times respectively.

Scholastic reported a first-quarter net loss of $71.2 million, or $3.77 per share, on revenue that slipped 4% to $216.8 million, while management left its full-year targets untouched. The quarter is the quietest stretch of Scholastic's year, making up only 14% of full-year revenue last year, so the real test is the fall, where Book Fairs bookings and fair counts are both running ahead of last year and the company is reaching new school communities including Christian schools. Content catalysts are stacking up: an HBO adaptation of Harry Potter arrives this Christmas, a new Dog Man title lands in November alongside a Hunger Games film, and entertainment revenue rose 48% to $20.1 million on heavier production activity. The balance sheet improved as net debt fell to $86.8 million from $242.8 million a year earlier, largely on sale-leaseback deals completed in December 2025, and the company bought back $25.8 million of its own stock during the quarter. Still, education revenue fell $9.7 million to $30.4 million amid higher district staffing costs and the end of ESSER pandemic relief funding in March, overhead climbed $5 million to $23.3 million, and free cash use for the quarter was $110.8 million, worse than last year's $100.2 million, leaving full-year adjusted EBITDA targets of $135 million to $145 million and free cash flow of $35 million to $40 million to be built on top of a first-quarter adjusted EBITDA loss of $63.6 million.

UOB Kay Hian Thailand has issued an analyst report forecasting the third-quarter 2026 results of ADVANC and TRUE, maintaining a buy rating on both stocks. The research team expects ADVANC to post a net profit of 13,340 million baht in the third quarter of 2026, up 11% year on year but down 3% quarter on quarter, with core service revenue from key segments at 45,830 million baht, up 5.1% year on year and up 1% quarter on quarter. The gross profit margin is expected to hold steady at 44.4%, and the quarter-on-quarter decline in profit stems from higher IT-related expenses. The team maintains its buy rating on ADVANC with a target price of 415 baht. For TRUE, the research team expects a net profit of 6,970 million baht in the third quarter of 2026, up 343% year on year and up 6% quarter on quarter. The year-on-year growth comes off a low base in the same period last year due to a single network outage incident, while the quarter-on-quarter profit growth is supported by the continued strength of most business operations. Core service revenue in the third quarter of 2026 is expected at 41,800 million baht, growing 1.3% year on year and up 1.0% quarter on quarter, driven by strong performance in the mobile, broadband, and television businesses. The team views the third quarter of 2026 as a low season, particularly for handset sales, since iPhone sales are likely to make a significant contribution in the fourth quarter of 2026. The research team maintains its buy rating on TRUE and raises its target price to 16.50 baht from 15.70 baht.

Zhejiang Publishing Media announced on September 30 that it plans to invest 100 million yuan to establish a wholly owned subsidiary, Zhejiang Wending Digital Intelligence Technology, to promote deep integration between its core publishing business and digital intelligence technologies. The new subsidiary has registered capital of 100 million yuan, with the company holding 60 percent directly, wholly owned subsidiary Zhejiang Xinhua Bookstore Group holding 20 percent, Zhejiang Education Publishing Group holding 10 percent, and Zhejiang Electronic Audio and Video Publishing House holding 10 percent. Funding comes from its own resources, and the subsidiary will be consolidated into the company's financial statements upon completion. On the same day, the company also announced a partnership with Dunhong Asset to launch the Zhejiang Publishing Future Venture Capital Fund Partnership. The fund has a planned size of 126 million yuan, and the company, as a limited partner, will subscribe 125 million yuan from its own funds, accounting for 99.21 percent of the fund's total committed capital. The fund will focus mainly on core technology research and development and industrial application in frontier technologies. Dunhong Asset was founded in 2015, with directly managed and co-managed funds totaling over 14 billion yuan in paid-in capital. Its core management includes CEO Yuan Guoliang and partners Xiong Jia and Yu Wenchao. In terms of performance, in the first half of 2026, Zhejiang Publishing Media achieved revenue of 4.607 billion yuan, down 9.5 percent year on year, and net profit attributable to the parent of 646 million yuan, down 4.4 percent year on year.

Truist Securities said Meta Platforms is gaining an early edge in the emerging AI-agent market through its large consumer audience and advertising ecosystem, even as OpenAI and Google appear to have stronger capabilities for open-ended reasoning. Truist said Meta's Muse and OpenAI's newly launched Dots are approaching the market from opposite directions, with Muse consumer-focused and expanding into small businesses while Dots is aimed initially at developers and power users. Truist sees Meta's biggest advantage as distribution rather than raw AI model power, noting Muse is integrated into platforms such as Instagram, Facebook and WhatsApp and can connect with business tools including Shopify, QuickBooks, Stripe, Canva and Slack. Truist said Muse had recorded 2.8 million early downloads, giving Meta a potentially powerful distribution advantage as the agent market develops, though it noted both products remain very early, with Muse live for only a few weeks and Dots newly launched. Truist maintained its Buy rating on Meta and its $763 price target, versus a Sept. 29 price of $738.79, based on a five-year discounted cash-flow model.

Analysts raised their fair value estimate for Vodafone Group from £1.20 to £1.22, a roughly 2.2% increase, after what several banks described as stronger Q1 trading and a clearer view on the Vodafone Three stake acquisition. Berenberg lifted its price target to 140 GBp from 123 GBp, citing strong Q1 results especially in Vodacom and Germany and the acquisition of the 49% stake in Vodafone Three, while Goldman Sachs set a higher 155 GBp target and moved to a Buy rating, pointing to faster improvement in return on invested capital. New Street also moved to a Buy rating, and Morgan Stanley raised its target twice, from 105 GBp to 115 GBp and then to 125 GBp, though it kept an Equal Weight rating. The revised targets cluster in the £1.15 to £1.55 range. Alongside the fair value change, the model's revenue growth assumption shifted from roughly 5.17% to 5.33%, the net profit margin moved from about 7.95% to 6.94%, and the future P/E rose from about 8.9x to 10.5x, with the discount rate holding around 7.56%.

Alphabet reportedly won two separate US antitrust cases in late September, easing immediate legal pressure on Google. Google is helping form a cross industry coalition focused on AI data center development ahead of the 2026 US midterm elections, expected to address questions around power use, data sourcing and community impact from large scale AI computing hubs. The antitrust decisions support the view that Alphabet can keep rolling out AI powered features across Search, YouTube and Google Cloud without immediate structural remedies that break its distribution. The AI data center coalition cuts both ways, aligning with the potential to monetise AI infrastructure and long duration power contracts while spotlighting the risk that regulators and communities could still cap how far Alphabet can push energy hungry AI workloads. Analysts have already flagged regulatory pressure and high capital intensity as two of the biggest swing factors for the company.

Disney has reached a wide-ranging new content licensing agreement with Netflix, bringing a collection of movies and TV shows, including existing "Ice Age" films and the "Percy Jackson and the Olympians" series, to its rival streaming platform. The deal is set to bring a slate of Disney+ originals, Pixar movies, and 20th Century Studios titles to Netflix viewers globally, with title availability and launch timelines varying depending on the markets, according to a statement from the companies. Under the agreement, the first two seasons of the Disney+ original series "Percy Jackson and the Olympians" will be streaming on Netflix from Oct. 4 for three months as part of a promotional campaign ahead of its Season 3 premiere on Disney+ on Nov. 20. All five "Ice Age" films will also be available on Netflix worldwide beginning Oct. 4 in a separate promotional campaign ahead of the theatrical release of the franchise's sixth movie, "Ice Age: Boiling Point," on Feb. 5. Additionally, select Disney-branded films from Walt Disney Animation Studios and Pixar, including Oscar-winner "Soul," "Elio," and "Raya and the Last Dragon," will also be available for streaming on Netflix globally early next year.

Elisa Oyj has signed a new agreement to deliver AI-powered IT services and Device-as-a-Service to Kempower. The deal puts the telecom and IT provider's enterprise digital capabilities in sharper focus for investors. Elisa Oyj's shares have returned 1.67% over one day and 3.63% over 90 days, while the 1-year total shareholder return has declined 12.78%. Against the last close of €36.56, the most followed narrative for Elisa Oyj points to a fair value of €39.65, framing the stock as 8% undervalued. The company continues fiber and 5G network investments within a disciplined 12% CapEx to sales range, though it faces pressure from tougher Finnish mobile competition and possible delays in higher margin international software projects.

Meta announced Petal on Sept. 21, a roughly 4,300-mile subsea cable connecting the U.S. and France that is expected to enter service in 2029 and will be the first to deliver petabit-scale capacity across an ocean. The cable will carry 1 petabit per second, or about 125,000 gigabytes per second, double what today's most advanced transoceanic cables can handle, using two-core fiber that fits two light paths inside each strand. Petal is one piece of a much larger seafloor empire: Meta says it has invested in more than 20 subsea cable projects touching every continent except Antarctica, led by Project Waterworth, announced in February 2025, which will stretch more than 31,000 miles and connect the U.S., Brazil, South Africa, India, and other regions across five continents. Petal is being developed with Japan's NEC and Sumitomo Electric Industries, with French telecom Orange handling the landing on France's Atlantic coast, while Waterworth will be wholly owned by Meta, only its third solely owned cable according to telecom research firm TeleGeography. Meta has not disclosed what Petal or Waterworth will cost, but TechCrunch reported before Waterworth's announcement that the project could top $10 billion, a small slice of the company's expected capital expenditures of $130 billion to $145 billion this year, nearly double the $72.2 billion it spent in 2025.

Meta Platforms has reportedly classified some of its artificial intelligence data centers as "pilot models" to claim federal research and experimentation tax credits, a move that reduced its tax bill by $3.9 billion in 2025, up from $2 billion in 2024 and $700 million in 2023, according to a New York Times report citing company filings. The classification, which describes certain AI data centers to the Internal Revenue Service as experimental work, remains a gray area, and Meta's accountants have raised concerns that the IRS could challenge the treatment, people familiar with the company's operations told the Times. The tax claims reportedly involve chips Meta purchases for its AI data centers, including Nvidia GPUs, and the Times also reported that Meta's auditor, EY, has promoted the tax strategy to other AI companies. Meta spokesperson Andy Stone told the publication that the company has invested $200 billion in research and development over the past five years, including $57 billion in the last year, using tax incentives established by Congress to support domestic investment in research, technology and jobs. The tax perk comes as Meta's AI investments weigh on its finances, with quarterly free cash flow of just $784 million, roughly $8 billion below the year-ago period, and the company is among several major technology companies, including Amazon, Microsoft and Alphabet, spending heavily on AI infrastructure.

ZoomInfo announced Agent Teams on October 1, a native AI agent orchestration layer built directly into its existing GTM Studio environment at no additional cost, making it the first major GTM data vendor to embed agent orchestration as a standard platform capability rather than a premium tier. The feature requires no new SKU, no separate contract, and no additional purchase, and ships with more than 50 ready-made agents that run against ZoomInfo's GTM Context Graph, a data layer connecting more than 100 million companies, 500 million contacts, and billions of buying signals. The architecture comes from DoubleO.ai, which ZoomInfo acquired on September 30 for undisclosed financial terms, one day before the launch. Every play operates through a Playbook configuration layer with audit trails and credit estimates, addressing a trust gap highlighted by Cisco research at RSA 2026 showing 85% of organizations experimenting with agentic AI but only 5% in broad production, and by Gartner's projection that more than 40% of agentic AI projects will be canceled by the end of 2027. Agent Teams ships with native integrations into Salesforce, HubSpot, Outreach, Salesloft, Slack, and Gmail, and connects to Salesforce Agentforce, HubSpot Breeze, Microsoft Copilot Studio, Claude, and ChatGPT. ZoomInfo has not published reliability benchmarks or performance metrics for Agent Teams, and the specific plays described are vendor-reported capabilities.

Magnite's fair value estimate has been lifted to US$29.67 from US$27.67, a roughly 7% increase, as analysts rework price targets around the Google AdTech ruling and the company's role among independent supply side platforms. The revised model assumes revenue growth of 7.66%, down slightly from 7.72%, a profit margin of 14.74% versus 14.53% previously, and a future P/E multiple of 40.94x compared with 38.44x, while the discount rate stays at 9.67%. Several firms, including BofA, StoneX, Craig Hallum, B. Riley, BTIG, Benchmark, Evercore ISI, Wells Fargo and Scotiabank, have raised their Magnite price targets through August and September 2026. Craig Hallum and B. Riley tie their higher targets to the Google AdTech ruling and remedies, viewing the outcome as supportive for independent supply side platforms, while StoneX highlights the court decision requiring Google tools to interoperate with rivals through Prebid. B. Riley cautions that any financial impact from the remedies could be gradual because of appeals and phased implementation.

Interlink Telecom Public Company Limited, or ITEL, has been selected by the Provincial Electricity Authority, or PEA, to carry out the 2026 project to organise communication cables on power poles. The project is divided into two parts: work in the central region valued at 148.77 million baht, and work in the southern region valued at 117.83 million baht, for a total value of 266.61 million baht. Dr. Nattanai Anantaramporn, Chief Executive Officer of ITEL, said the company is ready to complete the work efficiently and in line with its targets. Both projects will strengthen the company's telecommunications infrastructure revenue base, with revenue recognition following the operating plan and contract conditions after signing.

Alphabet has unveiled Argon, the flagship of its Gemini 4 generation, months later than promised after the company scrapped Gemini 3.5 Pro, which Sundar Pichai had said would arrive in June. Google says Argon matches OpenAI's Astra and Anthropic's Opus on key coding and cybersecurity tests, though its own results show it trailing on two of the four coding tests included, and the model has no public release date, going only to select cybersecurity partners under the Trump administration's voluntary pre-release access process. Google is competing on price rather than raw capability, pricing Argon at $2 per million input tokens and $10 per million output tokens with cached input tokens discounted 95%, which Jefferies analyst Brent Thill calls a particularly important competitive move at about half the cost of some rival models. The delay came amid leadership churn, with DeepMind founder and chief executive Demis Hassabis stepping aside and several Gemini leaders leaving while Anthropic and OpenAI kept releasing new top models. The infrastructure side is stronger: Google Cloud revenue grew 82% year over year to $24.8 billion in Q2, customers have lined up a $514 billion backlog, cloud now makes up a little more than 20% of Alphabet's revenue, and its cloud market share has climbed to 14% from 12% at the end of 2025, while Alphabet projects 2026 data center capital spending of $195 billion to $205 billion.

A U.S. district court in Delaware overturned a jury decision to award $22.7M to the plaintiffs in a patent case against Gogo Inc., ruling that SmartSky Networks failed to present sufficient evidence that it suffered legally recoverable damages and that the amount of the award was unsupported by the actual facts. SmartSky sued Gogo for patent infringement in February 2022, claiming Gogo's 5G air-to-ground inflight connectivity service illegally used SmartSky's proprietary technology. In November 2025, a jury agreed with SmartSky that Gogo infringed on its four patented technologies, but the $22.7M monetary award was set aside because SmartSky failed to legally prove its calculated damages. Although the decision is subject to appeal, Gogo applauded the court's decision regarding the award, calling it a significant step in resolving the matter and saying the court found SmartSky's damages award was untethered to the evidentiary record. SmartSky said the court upheld the jury's findings that Gogo willfully infringed its valid patents, adding that it is disappointed with the damages ruling and is evaluating its options for further relief.

Cable One, Inc. announced it is in advanced discussions with GTCR LLC, certain of its existing lenders and a consortium of leading private lending institutions regarding financing transactions to address certain of the Company's forthcoming capital needs. Cable One said it is working towards enhancing its capital structure to position the company to drive growth in shareholder value. Chief Executive Officer Jim Holanda said the contemplated financings are intended to strengthen Cable One's overall financial position, while GTCR Managing Director Stephen J. Jeschke said GTCR has been working closely with Cable One to facilitate a potential transaction that would bring new capital into the business. No definitive agreements have been entered into, and there can be no guarantee that any transaction will materialize. Separately, Cable One and GTCR agreed to extend the deadline for completion of Cable One's purchase of the 55% remaining stake it does not already own in Mega Broadband Investments Holdings LLC to October 9, 2026.

The combined company formed by the $110 billion merger of Paramount and Warner Bros. will be named Skydance, Paramount CEO David Ellison announced. Ellison said the name was chosen to preserve the distinct identities and legacies of both Paramount and Warner Bros. while giving the combined company an identity of its own. Skydance is the production company Ellison founded in 2006 and merged with Paramount in 2025. On Wednesday, Paramount named Mattel CEO Ynon Kreiz as co-CEO of the new company alongside Ellison, and Bloomberg reported the merger is expected to be finalized next week. The press release announcing Kreiz said the combined company will be guided by four strategic priorities: winning in content, becoming the most technologically capable media company, maximizing operational efficiencies, and earning trust.

Versant has reached a multi-year renewal of its distribution agreement with Verizon, keeping its portfolio of brands available to Verizon customers. The long-term deal covers USA Network, MS NOW, CNBC, Oxygen True Crime, Golf Channel, E!, and SYFY. With the Verizon agreement complete, Versant said it has now successfully renewed all distribution partnerships expiring in 2026. Chief Revenue and Business Officer Dave Pietrycha called Verizon a valued distribution partner and said the renewal reflects the value the portfolio delivers to distributors and audiences. Verizon SVP of Consumer Growth Matt Coakley said the company looks forward to continuing the partnership alongside a diverse array of premium programming available to Fios customers. Terms of the agreement were not disclosed.

The combined company formed by the merger of Paramount and Warner Bros. will be named Skydance, Skydance chief executive David Ellison said in a post on X. Ellison said the new name was chosen to preserve the identities and legacies of both studios while giving the combined company its own corporate identity. "Both have distinct identities, extraordinary legacies, and brands that have resonated with audiences for generations," Ellison said. "We never wanted a new corporate identity to diminish, alter, or overshadow either one." He said Paramount and Warner Bros. have together shaped more than a century of entertainment and culture, and that the combined company would seek to build on the strengths of both studios, with Skydance focusing on "bold, quality storytelling" as a "creative-first home" for filmmaking and other content. The combined company intends to give Paramount and Warner Bros. the opportunity to expand their audiences globally while benefiting from Skydance's scale and capabilities, Ellison added.

Meta Platforms shares surged approximately 27% in September, closing the month at $725.18 after hitting an intraday 52-week record of $779.82 on Sept. 24, marking the stock's strongest monthly performance in nearly four years. The rally was driven primarily by the Sept. 8 launch of Muse, Meta's personal AI agent, which became the top free app in Apple's U.S. App Store with over 3.4 million downloads in its first few weeks, surpassing ChatGPT. Analysts responded positively, with JPMorgan raising its price target to $920 and Monness Crespi lifting its target to $830, both citing Muse's success. Meta is expanding monetization through subscription tiers priced at $20 and $100 per month, and TD Cowen analysts estimate Muse could reach 1 billion daily active users by 2031 and generate potentially $27 billion in annual revenues. The company also launched its Meta Enterprise Platform in late September to sell software, APIs and AI solutions directly to enterprise clients and developers, while its core advertising business saw revenues rise 27.5% year over year in the second quarter of 2026.

Interlink Telecom Public Company Limited, or ITEL, has been selected by the Provincial Electricity Authority, or PEA, to carry out the 2026 project to organize communication cables on power poles. The project is divided into two parts: work in the central region valued at 148,774,493.70 baht, and work in the southern region valued at 117,830,798.25 baht, for a total value of 266,605,291.95 baht, or more than 266 million baht. Dr. Nattanai Anantarumporn, Chief Executive Officer of ITEL, said the company will complete the work efficiently in line with its targets, in order to improve the landscape and the safety of communication infrastructure systems in these areas. The two projects will also strengthen the company's revenue base from telecommunications infrastructure work, with revenue recognition to follow the operating plan and contract conditions after signing. The company aims to build on this work to increase opportunities to take part in future telecommunications infrastructure projects.

Interlink Telecom Public Company Limited, or ITEL, has been selected by the Provincial Electricity Authority (PEA) to carry out the 2026 project to organise communication cables on power poles. The project is divided into two parts: work in the central region valued at 148,774,493.70 baht, and work in the southern region valued at 117,830,798.25 baht, for a total value of 266,605,291.95 baht. Nattanai Anantaramporn, Chief Executive Officer of ITEL, said the two projects, with a combined value of more than 266 million baht, will strengthen the company's telecommunications infrastructure revenue base, with revenue recognition proceeding in line with the operating plan and contract conditions after signing. The company aims to bring its expertise and available resources to manage the projects and control costs efficiently, while building on this work to increase opportunities to take part in future telecommunications infrastructure projects.