Roann Partners
Long/short equity, medium-term horizon, long-term horizon

True Corp.: Doubts On Company Turnaround In FY17

Description

True Group (OTC:TCPFF) is the only quadruple play telecommunications operator in Thailand providing cellular (under True Mobile), broadband and fixed-line phone (under TrueOnline) and pay-TV services (under TrueVisions). It is the #2 mobile operator (with c.25m subscribers) and the #1 fixed broadband player (with c.2.8m subscribers) in Thailand.

True entered the telecommunications industry after signing a build-transfer-operate contract with Telecoms of Thailand (TOT) in 1991 to jointly operate a fixed-line network in Bangkok for 25 years. In 2001, True expanded into mobile services and grew its presence over the years. In 2011, it acquired various companies from Hutchison Group, which facilitate the launch of its 3G services. In mid-2013, True launched the first 4G mobile services in

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
PRO Top long ideas returned 21.7% in 2016**
"As a PRO member, we get uniquely valuable perspective that go beyond our quantiative analysis... We rely on PRO to get beyond the numbers quickly and add much needed perspective. It keeps me ahead of the next big thing. - Mark Choate, Malaga Cove Capital"
Mark Choate, Malaga Cove Capital
"Contributors (writers and commentators), often have a long history in the secuirities they opine on and some are clearly well positioned industry participants with detailed industry views that can help provide color on where the skeletons are buried in a particular secuirity and/or industry."
Jim Roumell, Roumell Asset Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details