ADVANC – TRUE – NBTC disagrees in principle with US demand to fully open up local telecom market to foreigners as part of recent tariff negotiations. TH’s type 3 telco license is closed to maintain national security where operators providing services to large number of consumers via their own network. US also asked TH to define WiFi frequency std as the upper band of 6 GHz or between 5,700 MHz and 7,100 MHz because the US operates its WiFi on some bands including 6GHz. TH’s WiFi network operates on 2,400 MHz-2,483.5MHz & 5,50MHz-5,850MHz, the upper band of 6 GHz is being test for telco service. In TH, the provision of WiFi service does not require a spectrum license. NBTC will discuss with Finance Ministry and Dept of International Trade Negotiation (DITIN) before a final decision by mid-Sept.

Comment: I doubt that CP and Sarath would allow their rice bowls to be broken especially given how well they are beginning to mint cash from their users.

BCP’s subsidiary, OKEA, reported O&G discovery in Talisker EP well offshore Norway where it holds a 35.2% interest, preliminary estimated gross recoverable resources of 16-33mboe, expects continuous organic growth from additional value and longer production life of existing potential fields.

Comment: The overhang on the stock is politically related