... believes the outlook for Thailand's telecommunications industry is negative for 2016 as the sector remains under pressure from intense market competition, slow revenue growth, high investment requirements for new spectrum acquisition and network expansion. Intense Competition: Fitch expects competition in Thai telecom industry to intensify in 2016. We think Total Access Communication Public Company Limited (DTAC, BBB/Stable) is likely to make a more aggressive bid to win back the market share it lost in 2015, while other operators may maintain their vigorous marketing activities to defend their existing customer base, through methods like handset subsidies and unlimited data services to drive internet usage. Slow Margin Improvement: Margin improvement at the telecommunications companies (telcos) is likely to be slow in 2016 as benefits from regulatory cost saving ¡ stemming from a migration to the licence programme...
