Intouch Holdings Plc (“INTOUCH”), founded on 21 June 1983, was listed on The Stock Exchange of Thailand (“SET”) on 31 August 1990. The Company changed logo and stock ticker from “SHIN” to “INTUCH” on 7 April 2011 and changed registered name to “Intouch Holdings Plc” on 31 March 2014.
INTOUCH operates its business by investing in the Telecom, Media and Technology (TMT) sector, which provides the infrastructure for instant communication and access to information anywhere and at any time, in line with Thailand’s economic development plan. The investments are divided into the two categories described below.
1. Major investments in other companies in which INTOUCH participates in the management, policy-setting and business direction. These currently comprise Advanced Info Service Plc. (AIS), an associated company that operates a wireless telecommunication business, Thaicom Plc. (THAICOM), a subsidiary that operates satellite and international businesses, High Shopping Co., Ltd. (High Shopping), a joint-venture home shopping business, and I.T. Applications and Services Co., Ltd. (ITAS), a subsidiary that provides IT-related services.
2. Minor investments in start-up companies, under the InVent project, in which INTOUCH is not regularly involved in managing. The Company has set a budget of 200 million baht a year, and does not limit these investments to Thailand but also considers opportunities in other countries. By the end of 2018, there were 13 companies in the InVent portfolio.
INTOUCH operates its business professionally, focusing on asset management to create sustainable benefits for all the stakeholders and maximize shareholder return, which are the Company’s ultimate goals. INTOUCH has divided its business into three segments, namely 1) Wireless Telecommunications Business operated by AIS, 2) Satellite and International Business operated by THAICOM, and 3) Other Businesses. The major profit contribution currently comes from AIS, which generates the highest revenue and had a market value representing 98% of the Company’s net asset value at the end of 2018.
InVent, a Venture Capital project of the INTOUCH, is a corporate venture capital fund. InVent is an investment arm for startup companies in telecom, media, technology, and digital related services, with its investment policy of Baht 200 million a year and less than 30% holding stake.
Additional information is available on http://www.inventvc.com
INTOUCH mainly invests in telecom, media, and technology, with cash on hand at the end of June 2018 approximately Baht 1.9 billion and debt free. The Company sets the budget for InVent project of Baht 200 million a year, funding by cash on hand as mentioned. Therefore, the dividend payment is not impacted by the Company investment plan.
The Company pays dividend from its standalone financial statements. The Company’s dividend policy is to pass through dividend received from its associates and subsidiaries after the deduction of operating expenses, subject to its financial needs or unless the payment of dividend would materially affect its operations.