AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Internet Thailand Plans 270 Million Baht Diversification.
Byline: Charoen Kittikanya
Oct. 3--In an attempt to offset an expected decline in Internet access revenue, Internet Thailand Plc plans to invest over 270 million baht over three years to diversify into other areas, aiming to generate at least 50 percent of its revenue from services other than Net access within five years.
According to the company's business plan, 80 million baht would go to expand its Internet data centre business. Another 70 million will be invested in the Metro LAN (Local Area Network) project, which involves high-speed Net access service to the property sector, and 60 million in electronic bill presentation and payment services. Forty million baht will go to branch expansion, and the remaining 20 million to web advertising businesses.
The total investment will be financed by proceeds from the company's initial public share offering scheduled from Nov 2-7.
The state-owned Internet service provider will offer 110 million new shares at one baht par value to increase capital to 250 million baht from the current 122.5 million baht.
The estimated IPO price ranges from 3.20 baht to 4 baht. The Internet Thailand board will decide on the exact price by the end of this month, with trading on the Stock Exchange of Thailand set for November this year.
The IPO represents 44 percent of the company's shares, with an additional 7 percent to be offered to its employees.
- Internet Thailand Plans 270 Million Baht Diversification.
- Newspaper article from: Knight Ridder/Tribune Business News October 3, 2001 700+ words
...estimated IPO price ranges from 3.20 baht to 4 baht. The Internet Thailand board will decide on the exact price...is forecast to increase to 110 million baht from 71 million. Internet Thailand posted revenues totalling 315.95 million...
- Internet Thailand Prices IPO Shares at 3.50 Baht.
- News wire article from: Bangkok Post (Bangkok, Thailand) October 26, 2001 700+ words
...Parnsoonthorn Oct. 26--Internet Thailand yesterday confirmed an initial public offering price of 3.50 baht per share. The state-owned...offered to employees at 1.87 baht per share. Overall, the company...hopes to raise 417.7 million baht. Employees will have to hold...
- Internet Thailand Expects New Investment Projects to Produce High Revenues.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) (via Knight-Ridder/Tribune Business News) April 8, 2002 700+ words
...Apr. 8--Internet Thailand, the country...one billion baht in annual...418 million baht in November...as to how Internet Thailand will distinguish...three years. Internet Thailand posted revenues...429 million baht last year...
- Internet Thailand Reports 40 Percent Growth in Revenue.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) (via Knight-Ridder/Tribune Business News) May 16, 2002 700+ words
...service providers, Internet Thailand, the country...133.39 million baht in the first quarter...35.58 million baht, an increase of...a year earlier. Internet Thailand posted revenues of 429 million baht last year, compared...
- Internet Thailand Public Company Limited - INET.
- News wire article from: Asia Africa Intelligence Wire November 13, 2003 700+ words
...Reports) Section: SET Filing - Internet Thailand Public Company Limited would...Q3CY2003 was 175.89 million Baht,an increase of 17.15...profit was 25.08 million Baht, an increase of 31.69...earnings were at 95.71 million Baht or 0.38 Baht per share...
- Internet Thailand Plc - INET.
- News wire article from: Asia Africa Intelligence Wire December 17, 2003 700+ words
...Shareholder No. 1/ 2003 of Internet Thailand Plc. (the Company...warrants. Offering price: Baht zero. Exercise ratio...Directors Meeting of Internet Thailand Public Company Limited...increase of 95,833,333 baht to accommodate the exercise...
- Finance Minister Touts Success of Internet Thailand's Stock.
- Newspaper article from: Knight Ridder/Tribune Business News October 20, 2001 700+ words
...new share offering of Internet Thailand has been six times oversubscribed...the stock exchange." Internet Thailand is the first of 16 state...between 3.20 and four baht per share, with par value set at one baht. ABN Amro Asia Securities...
- Internet Thailand sees rosy outrlook.
- News wire article from: Asia Africa Intelligence Wire May 21, 2003 700+ words
...outlook for state-run Internet Thailand Plc with forecasts of...2003 to 100 million baht, executives said...of about 112 million baht in 2003 would be used...close to 4.6 billion baht in 2003, versus 3...hardware and low costs. Internet Thailand's main strength...
- Internet Thailand sees over 20 % growth in profit for 2003.
- News wire article from: Asia Africa Intelligence Wire May 21, 2003 700+ words
...outlook for state-run Internet Thailand Plc with forecasts of...2003 to 100 million baht, executives said...of about 112 million baht in 2003 would be used...close to 4.6 billion baht in 2003, versus 3...hardware and low costs. Internet Thailand's main strength...
- Internet Thailand boosts revenue by 16%.
- News wire article from: Asia Africa Intelligence Wire May 25, 2005 700+ words
...Section: Corporate News - Internet Thailand Public Company Limited (INET...service totaling 222 million baht, a 16 percent rise from 163 million baht at the same period last year...with a revenue of 75 million baht, a 53 percent rise from the...