True Corporation Public Company Limited (SET: TRUE) has informed the Stock Exchange of Thailand that True Move H Universal Communication Co., Ltd. (TUC), a subsidiary of which the company holds 99.99% of the total issued shares, has completely fulfilled the required conditions precedent for the 2300 MHz and 1500 MHz Spectrum Licenses, and on 4 August 2025, TUC has already obtained the licenses.
In June, TUC has won a bidding in the auction of the 2300 MHz IMT Spectrum License of seven spectra in the bands of 2300 – 2370 MHz, and the 1500 MHz IMT Spectrum License of four spectra in the bands of 1452 – 1472 MHz (2300 MHz and 1500 MHz Spectrum Licenses).
In this regard, TUC is required to completely fulfill the conditions precedent as being the winning bidder that is payment for the first installment of the 2300 MHz and 1500 MHz Spectrum Licenses auction fee, and to submit letters of guarantee from a financial institution operating commercial banking business under the Financial Institutions Business Act B.E. 2551 for the remaining installments of the 2300 MHz and 1500 MHz Spectrum Licenses auction fee.
