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Byline: Parista Yuthamanop
Oct. 2--Despite phenomenal growth in the number of subscribers in the second quarter of this year, telecommunications services could expect profit margins to shrink, analysts at Fitch Ratings (Thailand) said yesterday.
Uncertainties over liberalisation of the industry and the conversion of state concessions were major risks, they said.
Average revenue per unit, a closely-monitored figure for telecom firms, was declining because of high competition and customer turnover, Orawan Karoonkornsakul, Fitch corporate director, said.
She said the cellular industry had seen an overall increase in subscribers of 900,000 ...