The Norwegian owned Thai mobile phone Company Total Access Communication (TAC) aims to generate more cash flow this year when the overall mobile phone market would grow at a slower pace. TAC, which is controlled by Norway’s Telenor, is targeting cash flow of about 12 billion baht this year, up from about 9 billion baht last year, thanks to rising revenue and lower costs, Chief Executive Officer Tore Johnsen told reporters.
Due to a slowing economy, the industry’s net new subscribers would fall by half to about 4 million this year, of which up to 1.4-1.6 million were expected to take TAC’s services, he said.
“We aim to maintain our market share and expect to get about 35-40 percent of the market’s net additions,” Johnsen said.
TAC operates Thailand’s second-largest mobile phone network and has about 30 percent of market share.
