Thailand’s True Corporation earmarks $2bn to develop 5G network
Published 19 March 2021
Identifying 5G networks as one of its core growth pillars, Thailand’s telecom operator True Corporation is set to spend 40 – 60 billion baht (about $1,2 – $1,9 billion) in the next three to five years.
The intention is also to transform True Corporation into a tech and data firm, Bangkok Post reported.
Head of the company’s 5G working group Piroon Paireepairit said that Thailand’s 5G network rollout is “on par with Japan”, unveiling its target of 1 million 5G subscribers this year, up from 250,000 recorded in 2020.
“Once we succeed in building innovative 5G applications, Thailand will become the stage where use cases are shown to the world,” Piroon said, expecting 5G service subscriptions to rise following the availability of 5G-enabled smartphones.
Previously, Nikkei Asia also reported that Thailand is the first country in the 10-member Association of Southeast Asian Nations to have commercial 5G services.
Besides developing 5G network, True will also focus on improving its 5G content production and digital solutions as the front core pillar for customers, while strengthening data analytics to serve as the back-end pillar to get insights.
“Our brand purpose is to serve as a driving force for the nation by embracing Artificial Intelligence and Internet of Things for intelligent connections,” stated Oliver Kittipong Veerataecha, chief brand and communication officer at True.
As of 2021, True has expanded its 5G footprint in 77 provinces in the country, claiming as “a market shaper” to build a complete digital experience for customers.
“We are no longer a telecom firm and are set to transform into a tech and data firm to provide end-to-end digital solutions,” said Natwut Amornvivat, co-president of True Corporation.
True also announced its establishment of the special 5G technology showcase True 5G Worldtech X based at True Digital Park. The digital park is enjoying a 5G tech sandbox facility that allows system integrators and startups to employ 5G-based applications.