Acting InTouch CEO may expand group into payment services

Published มกราคม 13, 2016 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation


InTouch Holdings will explore a new business opportunity in financial payment services, says Philip Chen Chong Tan, acting chief executive officer.

Tan, 50, born in Malaysia but fluent in Thai, become InTouch president last November 1 and also assumed the acting CEO position this month.

This followed the retirement of Somprasong Boonyachai as chief executive last month. He was appointed as adviser to the CEO and will work in that capacity throughout this year. Somprasong remains chairman of the executive committee of InTouch.

“The new business will be related to my expertise in finance and banking on payment services. I may submit the new business plan to the company’s executive committee this month and the plan will become clearer next month,” Tan said.

Before coming to InTouch, Tan was head of retail and consumer banking at Bank of Ayudhya. He said his new financial service would be related to InTouch’s four core businesses – telecommunications, information technology, media and digital content.

“This is the last job of my life, and I have no plan to move to another company, since I believe in InTouch’s business opportunities,” he said.

He added that InTouch was a strong holding company foreseeing sustainable growth in its four core businesses and what it calls the “nine breakthroughs”, or the businesses it has operated.

The nine breakthroughs are third-generation cellular, 4G, fixed and wireless broadband, satellite, cloud computing, digital content, venture capital and TV business.

He said he intended to build on these core policies, and under the guidance of the company’s board and Somprasong’s advice, utilise his knowledge, competencies and prior experience in technology, retail business and customer management to continue in this mission.

Somprasong said the failure of InTouch subsidiary Advanced Info Service to win a telecom licence on the 900-megahertz spectrum at the auction last month would not have an impact on the group’s business or revenue. Its decision to stop bidding at a certain level reflected that the company does not base its business decisions on emotion.

He added that what one |should closely watch was that 26 days had passed since the auction, and neither of the two winning |bidders had paid the first instalment of the upfront licence fee to the National Broadcasting and Telecommunications Commission.

Some telecom-industry experts have taken the view that the final buds for the two licences were too high and questioned whether the winners, True Corp and Jasmine International, could easily make a profit after paying so much.

The NBTC has given them 90 days from the auction date to pay the first instalment and provide a bank guarantee for the remaining three payments.

True won a licence with a final bid of Bt76.298 billion, while JAS bid Bt75.654 billion. The first instalment is Bt8.04 billion.



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