Bangkok, Thailand – AIS reported its Q3 2024 operating results with total revenue of 52.209 billion baht and net profit of 8.788 billion baht. EBITDA (earnings before interest, taxes, depreciation, and amortization) continued to grow due to a focus on quality and efficient cost management. Contributing factors include the recovery of the tourism sector since the beginning of the year and a focus on quality and diverse digital services that meet customer needs.
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Mobile Business: Total subscribers reached 46.3 million, with 5G users increasing to 11.5 million, a 35% growth year-on-year. This underscores the company’s commitment to strengthening the country’s digital infrastructure. AIS has expanded its AIS 5G network to cover over 95% of the population, evidenced by winning 7 awards for best 5G user experience from OPENSIGNAL AWARDS 2024.
Broadband Business: AIS 3BB FIBRE3 broadband internet subscribers grew by 62,900, reaching a total of 4.94 million in Q3 2024. Broadband revenue continued to grow, driven by the inclusion of TTTBB revenue and the commitment to developing a robust national broadband fiber infrastructure. This aims to provide comprehensive coverage for homes and businesses, enabling access to digital experiences and innovative home internet solutions.
Enterprise Customer Service: A 20% growth rate was driven by the adoption of digital tools by government and businesses to enhance efficiency. AIS collaborates with leading global partners, such as Oracle Cloud and the GSA Data Center project, to deliver cloud and network services.
Summary of Operating Results:
- Total revenue: 52.209 billion baht
- Net profit: 8.788 billion baht
- EBITDA: 27.696 billion baht, an increase of 17% year-on-year
- Mobile subscribers: 46.3 million
- 5G subscribers: 11.5 million, an increase of 35%
- AIS Fibre subscribers: 4.94 million, an increase of 62,900
Driving Factors:
- Efficient cost management: AIS focuses on efficient cost management to maintain profitability.
- Tourism recovery: The return of international tourists has positively impacted revenue from international roaming services.
- 5G user growth: AIS has expanded its 5G network to cover over 95% of the population, resulting in continuous growth of 5G users.
- Demand for high-speed home internet: Business expansion, online learning, and work-from-home trends have driven demand for high-speed home internet.
- Digital transformation of businesses: Organizations are increasingly adopting digital technologies. AIS focuses on providing cloud, data center, and digital solutions for enterprise customers.
Future Strategies:
AIS is committed to developing digital infrastructure to drive the country’s digital economy, focusing on:
- 5G network expansion: Enhancing and expanding 5G coverage.
- Digital service development: Offering diverse digital services and solutions to meet customer needs.
- Partner collaborations: Collaborating with partners across various industries to create innovations and new services.
- Developing into a Cognitive Tech-Co: Utilizing AI and Machine Learning to enhance operational efficiency and customer experience.
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