www.WirelessFederation.com/news: True Corp, the Thai telco, has reportedly swung to a THB1.22 billion (USD36 million) net profit in Q2′09, compared with a loss of THB2.67 billion in Q2′08, driven by foreign exchange growth f THB1.46 billion (compared with FX losses of THB2.48 billion in April-June 2008).
The operator further said the revenues excluding interconnection charges grew by 0.8% to THB12.8 billion, while EBITDA climbed 5% due to a reduction in net interconnection payments, stricter cost control and revenue gains. The mobile unit of the telco added 243,000 net new subscribers in Q2, including 80,000 post-paid subscribers to end June 2009 with 1.2 million monthly contract subscribers amongst a total base of 15.25 million.