JorTor 11- 610156 Aug 10, 2018
To: The President
The Stock Exchange of Thailand
Re: Details of Asset
SCB Asset Management Co., Ltd., the Management Company of Digital
Telecommunications Infrastructure Fund ("the Fund") would like to notify the
details of asset as of June 30, 2018 as follows:
Fund Total Asset
(THB) Net Asset Value
(THB) Net Asset Value per unit (THB)
Digital Telecommunications Infrastructure
Fund 180,580,036,789.95 145,052,882,268.58 15.0501
Appraisal of the Initial Assets and the Additional Investment No. 1
Company Type
Appraised Value
(THB million) Appraiser Valuation Date Valuation Period Appraisal Method
BFKT (Thailand) Limited ("BFKT") The right to the net revenues from
telecommunications towers 4,728 Silom Advisory Company Limited March 31,
2018 April 1, 2018 - September 15, 2033 for towers and November 15, 2043 for FOC
and Transmission system and Upcountry broadband system with terminal
value Income Approach according to the Fund's structure
The right to the net revenues from fiber optic cable transmission grid
21,716
Asia Wireless Communication Company Limited ("AWC") The right to the net
revenues from telecommunications towers 14,761
The right to the net revenues from telecommunications towers
(the Additional Investment No. 1) 1,226
Long-term leasehold with a term of not exceeding 20 years of fiber optic cable
(FOC), including call option of the FOC upon the expiration of the term of the
long-term leasehold
(the Additional Investment No. 1) 10,420
True Corporate Public Company Limited ("TRUE") The ownership of 6,000
telecommunications towers and other related passive telecommunications
infrastructure for mobile telecommunications services 26,416
True Internet Corporation Company Limited
("TICC") The ownership of a core fiber optic cable grid and related transmission
equipment and an upcountry broadband system 25,229
Total 104,496
Appraisal of the Telecom Infrastructure Assets for Additional Investment No. 2
Company Type Appraised Value
(THB million) Appraiser Valuation Date Valuation Period Appraisal Method
Asia Wireless Communication Company Limited ("AWC") The right to the net
revenues from telecommunications towers
544
Silom Advisory
Company Limited
March 31, 2018 April 1, 2018 - November 15, 2033 for towers and November 15,
2043 for FOC and Transmission system and Upcountry broadband system with
terminal value
Income Approach according to the Fund's structure
True Move H Universal Communication Company Limited ("TUC") The ownership of 350
telecommunications towers
962
The ownership in fiber optic cables
currently used for provision of mobile services in provincial areas
2,744
True Move Company Limited
("TMV") The ownership in core fiber optic cables currently used for provision of
mobile and internet services in Bangkok Metropolitan Area and Vicinity
5,411
True Internet Corporation Company Limited ("TICC") Long-term leasehold with a
term of not exceeding 30 years of fiber optic cable (FTTx Access), including
call option of the FOC upon the expiration of the term of the long-term
leasehold
3,625
Total
13,287
Appraisal of the Telecom Infrastructure Assets for Additional Investment No. 3
Company Type Appraised Value
(THB million) Appraiser Valuation Date Valuation Period Appraisal Method
True Move H Universal Communication Company Limited ("TUC") The ownership of
2,589 telecommunications towers and other related passive telecommunications
infrastructure for mobile telecommunications services
The ownership in fiber optic cables
currently used for provision of mobile services in provincial areas
True Move Company Limited
("TMV") The ownership in core fiber optic cables currently used for provision of
mobile and internet services in Bangkok Metropolitan Area and Vicinity
The ownership in fiber optic cables (FTTx)
currently used for provision of internet and broadband internet services in
provincial areas
True Internet Corporation Company Limited ("TICC") Long-term leasehold with a
term of not exceeding 30 years of fiber optic cable (FTTx) currently used for
provision of internet and broadband internet services in Bangkok Metropolitan
Area and Vicinity, including call option of the FOC upon the expiration of the
term of the long-term leasehold
Total 54,369.99 - 59,014.79 Silom Advisory
Company Limited September 19, 2017 July 1, 2018 -September
15, 2033 for towers and September 15, 2043 for FOC with terminal
value Income Approach according to the Fund's structure
54,141.65 - 58,906.93 Discover Management Company Limited September 19,
2017 June 16, 2018 - December 31, 2034 for towers and December 31, 2044 for FOC
with terminal value Income Approach according to the Fund's
structure
**The valuation will be conducted once a year, in case that there is no event
that has a material impact towards the Fund's assets.
*** Investors may request for more details of the appraisal reports at the
Management Company.
Please be informed accordingly.
Yours faithfully,
Digital Telecommunications Infrastructure Fund
By SCB Asset Management Company Limited
(Mrs. Tipaphan Puttarawigorm)
Executive Vice President, Property and Infrastructure Investment Group
______________________________________________________________________
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