INTOUCH revised its dividend policy from “pass-through the dividend received after deducting expenses subject to other necessary financial needs”
to “pass-through 100% of the dividend received after deducting expenses subject to other necessary financial needs.”

Advanced mPAY Company Limited (mPAY), a subsidiary of AIS, disposed of all investment of a 33.33% stake in Rabbit-Line Pay Company Limited (RLP), which operates an e-wallet service through Line application, to LINE MAN (Thailand) Company Limited and Line Company (Thailand) Limited. AIS’ business direction continues toward the aspiration of providing digital life services through existing
partnerships and operations and aims to leverage the core business to offer a new digital experience in providing relevant services to our customers.

Advanced Wireless Network Company Limited (AWN”), a subsidiary of AIS has entered into an agreement to accept a transfer of the license of 700 MHz spectrum for telecommunications service from National Telecom Public Company Limited (NT), in the frequency range 738-743 MHz pair with 793-798 MHz (2×5 MHz bandwidth), the expiration date of the spectrum license is March 31, 2036, which has been approved by the National Broadcasting and Telecommunications Commission (NBTC). The total spectrum value is THB 14,866 million. This enables AIS to expand its 5G service to cover remote areas in upcountry and high-rise buildings with greater efficiency and upgrade network capacity to support the growing demand for 5G.

Advanced Wireless Network Company Limited (AWN), a subsidiary of AIS, completed its acquisition of shares in Triple T Broadband Public Company Limited (TTTBB), and AIS completed its acquisition of investment units
in Jasmine Broadband Internet Infrastructure Fund (JASIF) on November 15, 2023. TTTBB becomes a subsidiary of AWN, and AIS holds a 19% stake in JASIF.
After the acquisition, AIS’s fixed broadband business will grow by leaps and bounds. With a customer base of over 4.7 million households nationwide,
the company has become a leader in Thailand’s home internet market with a network covering more than 13 million households.

In January, AWN (a subsidiary of AIS) made the first payment for the 700MHz spectrum and paid for the 26GHz spectrum in February to utilize 5G technology from all spectrums in accordance with the public sector’s intention of steering Thailand to Digital Intelligent Nation.

In February, AIS was awarded with “Thailand Mike Award 2020” and “Global Mike Award 2020” for its innovation and technology leadership in Thailand which sustainably foster innovating organization and country development.

In June, AIS was officially appointed as service provider of Disney+ Hotstar.

In October, AIS has incorporated a new joint venture company with SCB under the name AISCB Co., Ltd. (“AISCB”), having a registered capital of Bt 600 Million at 100 Baht per share. AIS hold 50% shareholding in the JV with the investment value Bt 300 Million. The objective of AISCB is to provide the digital lending via online platform.

In November, AIS was listed on the Dow Jones Sustainability Indices (DJSI) for the third consecutive year as leader of telecommunication in Thailand. AIS drove the digital economy of the country fostering sustainable development and growth. Additionally, AIS was awarded “HR Asia Best Companies to Work for in Asia 2021” for three consecutive years. This reflected success in human resource development through strength in digital technology.

In December, AIS was awarded “The Most Powerful Brand of Thailand 2020” under the mobile operator category for the fifth consecutive year. The award was hosted by the marketing major, faculty of Commerce and Accountancy, Chulalongkorn University. Moreover, AIS was awarded for “MIKE Award 2021” for knowledge management and innovation. AIS was the only Thai operator to receive two awards namely “Winners of the Global MIKE Award 2021” for two consecutive years, and “MIKE Thailand Gold Award 2021”.

In June, THAICOM established new wholly owned subsidiary namely TC Space Connect Company Limited (TCSC) to operating satellite service provider for telecommunications. TCSC has registered capital of Bt 100 Million with the par value of 10 each and paid-up capital was Bt 25 Million.

In September, the Domestic Communication Satellite Operating Agreement ended on 10 September 2021. As of the agreement expiration date, THAICOM has returned the possession of the satellite and all assets under the agreement to the Ministry of Digital Economy and Society. The Ministry has granted the rights to manage such assets to National Telecommunications Public Company Limited. After the end of the agreement, the subsidiaries of THAICOM has entered into the memorandum of agreement to purchase some bandwidth capacity on Thaicom 4 and Thaicom 6 satellites from National Telecommunications Public Company Limited, thus THAICOM Group is able to continue providing service to customers.

INTOUCH invested in one more start-up company, namely Conicle Co., Ltd. and invested in Viola venture VI. LP., a fund of fund in Israel, INTOUCH monetized its investments in Event Pop Holdings Pte. Ltd. and VVR Asia Co., Ltd. in 2021. As of the end of 2021, there were 17 companies in the InVent portfolio.

In September, INTOUCH sold all of its shares in High Shopping to JKN Best Life Co., Ltd.

High Shopping’s revenue continued to grow through offering high-margin products and obtaining repeat orders. The number of sales channels increased on other platforms, namely digital TV, pay TV and satellite TV to reach more viewers. In addition, High Shopping started collecting delivery fees from its customers in the fourth quarter in order to increase revenue.

INTOUCH invested in three more start-up companies, namely Peer Power Co., Ltd., Doctor A to Z Co., Ltd. and Ninja Logistics Pte. Ltd. In addition, the Company sold all its shares in Digio (Thailand) Co., Ltd. for a return of 30% (capital gain). As a result, there are currently fifteen companies in the InVent portfolio.

On 5 March, ADD (a subsidiary of AIS) launched an online insurance brokerage service. By leveraging its technological and digital expertise, ADD has developed products and services to accommodate the lifestyle of Thais and support alliances with various industries in order to grow sustainably.

On 8 May, AIS was awarded the “World’s Strongest Telecoms Brand” by Brand Finance, based on survey and ranking results covering financial strength, investment, stakeholder equity and potential for business expansion. Brand Finance is the world’s leading independent brand valuation consultancy.

On 19 June, AWN (a subsidiary of AIS) was granted the right to obtain a license to use the 700MHz spectrum license (in the frequency range 723-733MHz paired with 778-788MHz) by the National Broadcasting and Telecommunications Commission (NBTC). This license will enable AIS to prepare for the future 5G service in order to become a Digital Life Service Provider for businesses and other entities.

On 24 September, AIS and U-Tapao Rayong Pattaya International Airport jointly announced a new digital service to fulfill the potential of becoming a Smart Terminal in the future.

On 13 November, AIS collaborated with Huawei Technology (Thailand) Co., Ltd., Nokia (Thailand) Co., Ltd. and ZTE Corporation to test 5G technology. AIS is the only operator to successfully test 5G nationwide.

In January, LTC (a joint venture company of one of THAICOM’s subsidiaries) entered into a Sale and Purchase Agreement to acquire Vimplecom Company Limited, which also operates a telecom business in Lao PDR. This acquisition will significantly enhance LTC’s network efficiency and expand its target market, especially among the younger generation. After the acquisition, Vimplecom changed its registered name to TPLUS Digital Company Limited on 2 September.

On 21 August, THAICOM sold all its shares in CDN, a distributor of satellite receiver sets in Cambodia, to Quality TV Shopping Co., Ltd. for 800,000 US dollars (24,640,320 baht). This disposal of investment was in accordance with a recent adjustment to THAICOM’s business direction.

On 20 September, THAICOM announced that it had signed an Agreement of Intention with Russian Satellite Communications Company (RSCC). According to the framework of the agreement, THAICOM and RSCC will initially study roaming options on their proprietary maritime VSAT networks. Roaming on THAICOM’s network will be provided by Nava Roaming Solutions. Nava is THAICOM’s new maritime broadband service platform, addressing the needs of ship owners and offshore operators for fast, reliable and secure satellite-enabled broadband connectivity and managed services. The RSCC maritime VSAT network is the largest satellite broadband network in Russia, connecting more than 300 maritime vessels operating in the waters near Russia and Europe. On 10 October, THAICOM announced that that it had entered into a Memorandum of Understanding (MoU) with China Great Wall Industry Corporation (CGWIC). The two companies will cooperate in the area of application development for Unmanned Aerial Vehicles (UAV) and BeiDou – China’s proprietary Global Navigation Satellite System (BDS). This deal is part of THAICOM’s ambition to diversify its business and enter the emerging next technology markets through the integration of space, air, ground and maritime networks.

On 5 September, AIS sent a non-binding and conditional letter of intent to THAICOM and Singtel, the major shareholders of CSL, stating its interest in acquiring a 56.21% stake in the latter at 7.80 baht per share. Later on 14 December, AWN, a subsidiary of AIS, submitted the Application Form for Conditional Voluntary Tender Offer to the shareholders of CSL at the aforementioned price.

High Shopping has transformed itself in the digital era to collaborate with Lazada and Shopee, the most popular e-commerce websites in Thailand, in order to increase sales channels and reach more consumers.

INTOUCH invested in three more start-up companies, namely Digio (Thailand) Co., Ltd., Event Pop Holdings Pte. Ltd. and Ecommerce Enablers Pte. Ltd. (Shopback). There are currently eleven companies under venture capital management through the InVent project.

AIS launched AIS NEXT G, a new network to serve high-data users by merging AIS 4G ADVANCED and AIS SUPER WIFI. This network offers a maximum transfer rate of one gigabit per second.

THAICOM signed a memorandum of understanding with Huawei Technologies (Thailand) Co., Ltd. and Starcor Media Technologies Limited to develop the next generation Over-the-Top (OTT) platform in Thailand. This collaboration will create value-added services for the business, education, government and telecom sectors in Thailand.

Intouch Media Co., Ltd. (Intouch Media) and South Korea-based Hyundai Home Shopping Network Corporation (Hyundai Home Shopping) established a joint venture company, namely High Shopping Co., Ltd. (High Shopping), a home-shopping business in Thailand with authorized capital of 500 million baht. Intouch Media invested 255 million baht for a shareholding of 51% while Hyundai Home Shopping invested the remaining amount for a shareholding of 49%.

Intouch Media and Kantana Group Plc. (Kantana Group) created a new experience for Thai TV viewers, producing a new TV series called Gossip Girl Thailand. It was the first launch of a full-scale second screen viewing platform in Thailand.

The Company, through InVent, invested in four more companies, namely Sinoze Co., Ltd., Playbasis Pte. Ltd., Golfdigg Co., Ltd. and ShopSpot Mobility Pte. Ltd.

AIS launched the “AIS Fibre” broadband home internet service with a speed of 1 Gbps as the first and only full-scale PURE Fibre service provider. A package that includes entertainment from the AIS PLAYBOX was also introduced.
On 25 November 2015, AWN was granted an 1800MHz license for the 1725-1740MHz frequency band paired with 1820-1835MHz from the NBTC. As of January 2016, AWN had installed 4G network access at 6,000 locations nationwide.

Shenington Investment Pte. Ltd. (SHEN), a subsidiary of THAICOM, and the government of Lao PDR officially agreed to extend the Joint Venture Agreement and the Master Agreement for the Development of Telecommunications Services in Lao PDR. As a result, Lao Telecommunications Co., Ltd. (LTC), a joint venture holding via SHEN, obtained the right to operate communication services in Lao PDR for a further period of 25 years until 2046.

The Company made new investments in InVent project which are Meditech Solution Co., Ltd. who is a manufacturer and vendor of eye blink communication aids for paralytics and other disabled people, by taking 30% stake with total investment of 4.99 million baht, and Computerlogy Co., Ltd. who is a software development company specialized in social media management tool, by taking 25% stake with total investment of 29.01 million baht.

AWN officially launched the 3G mobile telephone services on 2.1GHz band.

The Company changed corporate name and logo of more than 20 years from “SHIN” to “INTOUCH” which reflect a more friendly and optimistic image.
THAICOM was granted an approval from The Ministry of Information and Communication Technology to build Thaicom 6 satellite.

THAICOM and Asia Satellite Telecommunications Co., Ltd. signed a cooperation agreement to place an interim satellite at the 120 degrees East orbital slot, while a new satellite will be launched in 2014. This cooperation will preserve the 120 degrees East orbital slot for Thailand and will provide additional broadcast, telecommunications and broadband services across the Asia-Pacific region.

The Company sold part of its investment in AIS, comprising 61 million shares or 2.05% of AIS’s paid-up capital, to Singtel Strategic Investments Pte. Ltd., who has been one of AIS existing shareholders, at 130 baht per share, amounting to 7,930 million baht. After the transaction, the Company is still the major shareholder of AIS with 40.45% shareholding. Therefore it will not affect the Company’s control in AIS or the business operations of AIS.

The Company sold all PS shares.
AIS bought shares of Advanced Mpay Co., Ltd. (AMP) held by NTT DoCoMo Co., Ltd., resulting to AIS’s stake in AMP increased to 99.99%.

AIS sold Advanced Data Network Communications Co., Ltd. shares, representing 51% stakes to DPC, a subsidiary with 98.55% owned by AIS, in order to restructure the group organization to create a synergy of voice and data communication via mobile and internet network.

CSL decreased its capital by reducing par value from Baht 1.00 to Baht 0.25.

Thaicom 5 satellite was successfully launched into orbit and Thaicom 3 satellite was taken out of its orbit, as it had experienced an extensive power loss that made it incapable of providing further service.

> The Company’s holding in OK increased to 99.99% after the Company acquired OK shares held by DBS Bank.

The Company sold its entire stake in TAA to Asia Aviation Company Limited (AA), in which the Company holds 49%. This diluted the Company’s holding in TAA to 24.50%.

CSL acquired AD Venture Company Limited (ADV) from the Company and Mitsubishi group. ADV was a shareholder of Shineedotcom Company Limited, which operates mobile content business as well as portal web, hunsa.com.

CS LoxInfo Public Company Limited (CSL) purchased a 38.25% stake in Teleinfo Media Company Limited (TMC) from the Company and 25% from Singtel Interactive Pte. Ltd., which made CSL to be the major shareholder in TMC with 63.25% stakes. This allowed CSL to enhance revenue by using the strengths lying in TMC’s information system.

CSL was listed on the SET through an IPO.

ITV was listed on the SET, issuing new ordinary shares for an Initial Public Offering (IPO) that included some shares held by the Company. As a result, the Company’s stakes in ITV diluted to 55.53%.

The Company bought 45.59% stakes in Digital Phone Company Limited (DPC), an operator providing mobile telephone services on the 1800 MHz band, from Samart Corporation Public Company Limited. After a capital increase, the Company’s stakes in DPC increased to 47.55%.

The Company invested in ITV, taking 39% stakes via a capital increase.

Thaicom 3 satellite was successfully launched into orbit.

Thaicom 1 satellite was successfully launched into orbit.

Shinawatra Satellite Company Limited was changed to Public Company Limited.

Shinawatra Computer Company Limited was listed on the Stock Exchange of Thailand (SET).

Advanced Info Service Company Limited (AIS) was permitted by the Telephone Organization of Thailand (currently TOT Public Company Limited – TOT) to provide mobile telephone services on the 900 MHz band exclusively under the BTO (build-transfer-operate) concept. In 1996, the operating period was extended to 25 years, ending in 2015.