TRUE Receives the 26GHz Spectrum License Worth ฿3.57Bn

True Corporation Public Company Limited (TRUE) announced as True Move H Universal Communication Company Limited (TUC), a 99.99% subsidiary of TRUE, is an auction winner in the auction of the 26 GHz Spectrum License of eight slots in the bands of 24.3-25.1 GHz, with 800 MHz bandwidth at the Spectrum Licensing price of Baht 3,576.89 million on 16th February 2020. TUC is required to completely fulfill the conditions precedent within 1 year from the date on which the Company receives the official notification as an auction winner by the Office of the National Broadcasting and Telecommunications Commission (NBTC), details are as appeared in the Reference Letter.

TUC has paid the Spectrum License auction fee in the amount of Baht 3,576.89 million (excluding VAT) and completely fulfilled the conditions precedent as determined by NBTC and already received the 26 GHz Spectrum License.