<article><a style="color: #000080;" href="https://www.jasmine.com/">Jasmine International Plc (JAS)</a> and <a style="color: #000080;" href="http://www.truecorp.co.th/">True Corp </a>won Thailand’s auction of two fourth-generation telecom licences on the 900MHz spectrum, ending an 87-hour-long battle.</article>

<a style="color: #000080;" href="https://www.jasmine.com/">Jasmine International Plc (JAS)</a> and <a style="color: #000080;" href="http://www.truecorp.co.th/">True Corp </a>won Thailand’s auction of two fourth-generation telecom licences on the 900MHz spectrum, ending an 87-hour-long battle.
The auction was over at 12.15 am on the fifth day with the final prices of the two licences of 151.95 billion baht ($4.2 billion).
On the 199th auction round, the first licence received no bid and the latest price was 75.654 billion baht. In the same round, no bidder submitted a bid for the second licence, which made the price stand at 76.298 billion baht.
Kicked off on Monday, four bidders participated in the auction &#8211; Advanced Wireless Network (AWN) of <a style="color: #000080;" href="http://www.ais.co.th/en/">Advanced Info Service (AIS)</a>, True Move H Universal Communication of True Corp, DTAC TriNet of <a style="color: #000080;" href="https://www.dtac.co.th/en/">Total Access Communication (DTAC)</a>, and Jas Mobile Broadband of JAS.
Once the auction ended, Advanced Info Service issued the statement saying that the bidding price had been escalated over the ‘appropriate’ price. “This is not the last 4G bidding. We have planned to join other upcoming 4G biddings. We insist that we can manage the 4G service to meet customers&#8217; demand and remain highly competitive with other companies,” it stated.
AWN and True Move H won the 4G licences on the 1800MHz spectrum last month.
All the four bidders faced falling share prices on Friday as the bid prices escalated. DTAC’s share price fell 10 per cent, dragging down its market capitalisation to 90 billion baht.
The market leader AIS’s share price was down 3 per cent, but its market capitalisation remained 573.8 billion baht.
True Corp’s share price also dropped 1.36 per cent, while its market capitalisation stood at 178 billion baht.
The share price of JAS unchanged at 4.78 billion baht as same as the market capitalisation stayed 34.1 billion baht.
Also Read:
<a style="color: #ff0000;" title="Thai telecoms shares slip as 4G bids cross $2b mark in second auction" href="http://www.dealstreetasia.com/stories/thai-telecoms-shares-slip-as-4g-bids-cross-2b-mark-in-second-second-auction-23800/" rel="bookmark">Thai telecoms shares slip as 4G bids cross $2b mark in second auction</a>
<a style="color: #ff0000;" title="Thailand mobile operator Advanced Info Service to invest $405m in 4G network" href="http://www.dealstreetasia.com/stories/thailand-mobile-operator-ais-to-invest-405m-in-4g-network-22273/" rel="bookmark">Thailand mobile operator Advanced Info Service to invest $405m in 4G network</a>
<a style="color: #ff0000;" title="Thailand’s 4G auction raises $2.25b from True Corp, AIS group cos" href="http://www.dealstreetasia.com/stories/thailands-4g-auction-closes-at-2-25b-19476/" rel="bookmark">Thailand’s 4G auction raises $2.25b from True Corp, AIS group cos</a>

Jasmine International (JAS) and True Corp won the auction of two fourth-generation telecom licences on the 900MHz spectrum, ending an 87-hour-long battle.

Thailand: Jasmine, True Corp bid $4.2b to win marathon 4G auction on 900MHz

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

Thailand: Jasmine, True Corp bid $4.2b to win marathon 4G auction on 900MHz

Continue reading this premium story with a subscription to DealStreetAsia.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief