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True expects revenues to climb at least 10%.
Byline: Komsan Tortermvasana
Aug. 4--True Corp Plc, the largest private fixed-line operator, said yesterday that it expected 2005 revenues to rise at least 10 percent due to the growth of its core mobile-phone and Internet services.
"True group should have revenue growth of 10 percent this year and the growth could probably reach 20 percent," chief executive Supachai Chearavanont told reporters.
True, which has a 83 percent stake in number-three mobile firm TA Orange, reported revenues of 33 billion baht ($798 million) last year.
According to Mr Supachai, the revenue per number of its mobile phone service shrank to 400 baht/month, but ...
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