Kiatnakin Phatra Securities (KKPS) expects OneWeb’s satellite broadband service to pose little near-term competitive threat to Thai telecom operators, citing higher prices and slower speeds than fiber connections. The brokerage maintained its “Buy” rating on Advanced Info Service Public Company Limited (SET: ADVANC), supported by its attractive dividend yield.
While attention has focused on Starlink’s potential entry into Thailand, OneWeb, a low-Earth-orbit (LEO) satellite operator, launched broadband services for enterprises and government agencies in December 2025 through a partnership with National Telecom Public Company Limited (NT).
The service operates under the NT nexConnect brand. According to NT’s official website, consumer packages are planned for early 2027, although the operator has not disclosed its current subscriber base.
Published packages show OneWeb offering download speeds of 50 Mbps for THB 9,200 per month. That is faster than the 20 Mbps offered by Gulf Space Technology Public Company Limited (SET: GST)’s geostationary satellite broadband service, but substantially more expensive than GST’s monthly fee of THB 3,900.
Fiber broadband retains a significant advantage on both speed and price. True Corporation Public Company Limited (SET: TRUE) and ADVANC offer download speeds of 500 Mbps for monthly fees of THB 1,999 and THB 1,899, respectively.
OneWeb’s package also carries a monthly data allowance of 50 GB, with excess usage charged at THB 1,100 per GB. ADVANC and TRUE impose no monthly data caps. The OneWeb package’s download speed in Thailand is also below Starlink’s reported range of 100 – 400 Mbps in other ASEAN markets.
Given these differences, KKPS expects OneWeb’s initial opportunities to be concentrated in areas outside fiber coverage and among customers seeking backup connectivity.
According to ADVANC, its fixed broadband network reaches around 80% of Thai households. KKPS views the remaining 20% as a potential market for satellite broadband, while noting that some households may already have mobile broadband access.
Other satellite operators are also exploring the market. Amazon Leo has partnered with GST to bring LEO broadband to Thailand, though no commercial launch date has been announced. Starlink’s entry remains uncertain, with foreign ownership restrictions presenting a potential hurdle.
