Turnkey Communication Services Public Company Limited (TKC) has submitted a filing and prospectus to the Securities and Exchange Commission (SEC) for the initial public offering (IPO) at the amount of 78 million shares, which is equivalent to 26% of total issued shares after IPO.
TKC provides consulting services, designs and installs telecommunication systems for massive projects related to mobile communication as well as wired communications.
The company is also a distributor and installer of the world’s leading communication systems such as information security system, public safety and security system, and massive CCTV systems to various public and private organizations.
The company expected to utilize the funding from IPO to expand its businesses, which are transmission networks, dense wavelength division multiplexing (DWDM), data center, Cloud system, telecommunication systems, and cyber security. Moreover, the company aimed to expand its services to create recurring income to utilize as working capital.