Somchai Lertsutiwong, Chief Executive Officer of Advanced Info Service plc. (AIS), represented Advanced Wireless Networks Co., Ltd. (AWN), which has been allocated the 9Advanced Info ServiceAdvanced Info ServiceMHz spectrum, in making the 6th tranche of payment for the 9Advanced Info ServiceAdvanced Info ServiceMHz spectrum of 8,Advanced Info Service94,978,Advanced Info ServiceAdvanced Info ServiceAdvanced Info Service baht (eight billion, ninety-four million, nine hundred and seventy-eight thousand baht only) including value added tax. The payment is counted as government revenue for national development.
Somchai said, "Alongside making prompt payment for the spectrum on schedule, we remain committed to using the national telecom resource of this recently acquired waveband to enhance our capabilities and give the country a competitive edge. In particular, the last year of the COVID-19 pandemic crisis has greatly impacted lifestyles, work, study, the industrial sector and the service sector, transforming them with digital technology. We have deployed 5G networks under the concept of "connecting and assisting the Thai people" to support frontline health workers in coping with every aspect of the COVID-19 pandemic, for the country to overcome this crisis."
Fitch Ratings has maintained the Rating Watch Negative (RWN) on the 'AAA(tha)' National Long-Term Rating, 'F1+(tha)' National Short-Term Rating and 'AAA(tha)' senior unsecured rating of Thailand-based telecommunications company, Advanced Info Service Public Company Limited (AIS), and its subsidiary, Advanced Wireless Network Company Limited (AWN). The RWN reflects a risk that, should the merged entity of Gulf Energy Development Public Company Limited and AIS's major shareholder, Intouch Holdings
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