AIS continues to buy 3BB and JASIF, expecting the transaction to complete in the first quarter of 2023.

Mr. Tee Seeumpornroj, Chief Financial Officer, Advanced Info Service Public Company Limited or AIS, has informed the Stock Exchange of Thailand that he would like to inform that the Board of Directors The Company resolved to approve Advanced Wireless Network Co., Ltd. (“AWN”), a subsidiary in which the Company holds 99.99% of shares and/or a person designated by AWN, to purchase shares in Triple T Broadband Public Company Limited (“TTTBB”) and purchased investment units in Jasmine Broadband Internet Infrastructure Fund (“JASIF”). The Rental Assurance Agreement and the Main Lease Agreement Amendment will not be approved by the Unitholders’ Meeting of JASIF on October 18, 2022 as proposed by the Company.

In this regard, the Company has considered that entering into the transaction is still suitable for the Company in the long run. The reasons are as follows: 1) This investment will help the company to expand its home internet business to leapfrog from a customer base of 2 million to about 4.4 million and have a fiber network that can reach consumers. more extensive

Especially in the provincial areas where the rate of home internet access is still lower than in the urban areas. This can create opportunities to offer a wide range of products and services to customers. and to expand the income base create added value and long-term stable cash flow for the company

2) Since the JASIF unitholders’ meeting did not approve the amendment to the lease agreement as proposed by the Company, the lease agreement between TTTBB and JASIF will still expire in early 2032 as usual.

The Company believes that such an opportunity can arise only when there is a significant change in the terms of the contract to be more appropriate. To encourage the company to maintain the ability to compete in business in the long run.

which the company will consider compared to other alternatives suitable for managing operating costs to be sustainable in the future In addition, the company foresees the importance of expanding and creating more value from existing digital infrastructure assets. and has a policy to consider alternatives to manage existing telecommunication assets for maximum value. And continue to create options for funding with reasonable costs in the future.

However, after this, the Company will apply for permission to enter into the transaction from the NBTC. And the National Telecommunications Commission (NBTC) before signing the share purchase agreement and investment units The Company expects that the share purchase transaction And the purchase of investment units will be completed within the first quarter of the year 2023.