Tuesday, 25 June 2024
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Mobile service revenue could rise by 3 to 5%

  • The market for mobile services is predicted to grow by three to five percent this year.
  • The industry has benefited from this expansion as well as a drop in competition.
  • The investment required for 5G capacity has now dropped dramatically.

Due to operator cost-cutting measures, increased mobile traffic, and a rise in international roaming calls as a result of a spike in foreign visitors, the market for mobile services is predicted to grow by three to five percent this year.

The industry has benefited from this expansion as well as a drop in competition since True Corporation and Total Access Communication merged. The market’s future is still unclear, though, because three spectrum ranges that the two major carriers already utilize in conjunction with state-run National Telecom are scheduled to expire in September 2025.

Mobile service

The National Broadcasting and Telecommunication Commission has not yet made public the official timeframe for the sale of these bands, but it intends to do so in the third quarter.

Reduced competition and enhanced performance of major operators are the outcomes of the merger; in the first quarter, Advanced Info Service (AIS) and True benefited from continuous cost reduction. Foreign visitor visitation has led to an increase in income streams for mobile phone services through SIM card purchases and mobile traffic consumption. In keeping with the mass market’s saturation of new 5G individual customers, the investment required for 5G capacity has now dropped dramatically.

Slightly higher than the growth rate of the previous year, the major operators predict a revenue growth rate of 3 to 5% in 2024. AIS’s consolidated performance grew by 10% in the first quarter as a result of its acquisition of Triple T Broadband (3BB).

Major operators may be left in the dark about the telecom regulator’s planned auction of the three spectrum categories because high bid prices could result in a decline in performance.

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