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Total Access Communication Public Co. Ltd. Aug 07
Standard & Poors, Aug 2007
Abstract
Established customer base Deleveraging program on track Ownership and management participation by Telenor ASA Highly competitive environment Regulatory uncertainties The rating on Thailand's second-largest cellular provider, Total Access Communication Public Co. Ltd. (DTAC) reflects the following risks: Highly competitive environment. Competition in the Thai cellular market remains intense and operators are experiencing slowing revenue growth as wireless penetration rate has reached about 69%. Private operators agreed to be subjected to the interconnection regime in November 2006 and some of them have started their billing in the first quarter of 2007. This move has slowed down the irrational pricing competition as players introduce on-net pricing packages. Nevertheless, heightened competition through price cuts and heavy promotions to gain market share may persist...
Companies mentioned in this report are: Total Access Communication Public Co. Ltd.,Telenor ASA
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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