ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Communications

Total Access Communication Public Co., Ltd.

Company Background

Total Access Communication is Thailand's second-largest mobile service provider with a market share of approximately 30%, operating under the "Dtac" brand. The company was founded by Thai tycoon Boonchai Bencharongkul in 1989 but has become a local arm of Norway's state-owned telecom giant Telenor.

Through its Singapore-based subsidiary, Telenor holds a direct shareholding of over 40%. Boonchai is the company chairman, but the Bencharongkul family, ranked as Thailand's 17th richest by Forbes, is now a minor shareholder. Operations are managed by executives from Telenor. In September 2014, Jon Eddy Abdullah, who had been Dtac's CEO since 2011 and Telenor Pakistan's CEO before that, suddenly stepped down. Vice Chairman Sigve Brekke, who also heads Telenor's Asia operations, is serving as interim CEO until a replacement is appointed. Brekke was Dtac's CEO from 2005 to 2008. Prior to joining Telenor in 1999, he served as Norway's deputy minister (state secretary) of defense from 1993 to 1996.

Dtac listed on the Singapore Stock Exchange in 1995 and on the Stock Exchange of Thailand in 2007. It became the first dual listing company in Thailand but delisted from Singapore in September 2014, citing thin trading.

Business Summary

Total Access Communication Public Co., Ltd. is engaged in the provision of wireless telecommunication services. The firm is also involved in the sale of handsets and accessories. The firm's segment include: Mobile telephone service and related services and Sales of handsets and starter kits. The company was founded in August 1989 and is headquartered in Bangkok, Thailand.

Financial Highlights

Dec 2021 THBUSD
Revenue66,670.83M2,082.40M
Gross Profit5,883.89M183.77M
Operating income6,798.54M212.34M
Income before tax3,953.38M123.48M
Net income3,355.93M104.81M
EBITDA29,458.03M920.09M
Diluted EPS1.410.04
Dividends Per Share2.100.06
Total Assets164,612.25M4,927.77M
Total liabilities144,444.77M4,324.04M
Total equity20,167.48M603.72M
Operating cash flow26,494.05M827.51M
Currency in THBCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 77,456.48M 73,093.67M 71,961.30M 66,972.97M 66,670.83M
Gross Profit 17,210.86M 15,149.33M 15,217.84M 10,999.69M 5,883.89M
Operating income 3,437.46M -4,698.47M 9,639.20M 8,448.04M 6,798.54M
Income before tax 2,339.78M -5,787.07M 6,399.50M 5,971.49M 3,953.38M
Net income 2,114.97M -4,368.69M 5,421.89M 5,107.11M 3,355.93M
EBITDA 29,935.72M 20,362.97M 29,635.89M 29,399.28M 29,458.03M
Diluted EPS 0.89 -1.84 2.28 2.15 1.41
Dividends Per Share 0.24 1.01 2.87 2.99 2.10
Total Assets 114,500.58M 151,005.76M 167,438.53M 174,776.13M 164,612.25M
Total liabilities 85,265.67M 129,076.08M 142,472.12M 150,460.71M 144,444.77M
Total equity 29,234.29M 21,929.05M 24,966.41M 24,315.42M 20,167.48M
Operating cash flow 27,335.05M 18,256.03M 17,540.25M 25,946.67M 26,494.05M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 2,282.59M 2,261.05M 2,317.98M 2,140.04M 2,082.40M
Gross Profit 507.19M 468.62M 490.18M 351.48M 183.77M
Operating income 101.30M -145.34M 310.49M 269.94M 212.34M
Income before tax 68.95M -179.01M 206.13M 190.81M 123.48M
Net income 62.32M -135.13M 174.64M 163.19M 104.81M
EBITDA 882.18M 629.90M 954.61M 939.42M 920.09M
Diluted EPS 0.02 -0.05 0.07 0.06 0.04
Dividends Per Share 0.00 0.03 0.09 0.09 0.06
Total Assets 3,513.36M 4,637.76M 5,589.90M 5,833.64M 4,927.77M
Total liabilities 2,616.31M 3,964.25M 4,756.40M 5,022.05M 4,324.04M
Total equity 897.03M 673.49M 833.49M 811.59M 603.72M
Operating cash flow 805.54M 564.72M 564.99M 829.09M 827.51M

Valuation Measures

Dec 2021
PER32.27
ROA1.97%
ROE15.08%
Operating margin10.19%
Profit margin5.03%

Key executives

  • Chief Executive Officer: Sharad Mehrotra
  • Chief Financial Officer: Nakul Sehgal
  • Chief Technology Officer: Prathet Tankuranun
  • Head-Ethics & Compliance Officer: Thanatt Louhalertdecha
  • SVP, Head-Financial Accounting & Reporting: Peeraya Rodkorn

Shareholders

  • Telenor ASA (45.8%)
  • Bch Holding Co. Ltd. (19.1%)
  • Government of Thailand (5.6%)
  • Social Security Office of Thailand (3.7%)
  • Krungsri Asset Management Co., Ltd. (2.0%)
  • Norges Bank Investment Management (1.3%)
  • CHUTICHETPONG VERAVAT (0.4%)
  • The Vanguard Group, Inc. (0.3%)
  • JPMorgan Asset Management (Singapore) Ltd. (0.3%)
  • PETCHNOI STUDENT (0.3%)

Contact Details

  • Website:http://www.dtac.co.th
  • Address: 319 Chamchuri Square Building, 38th Floor, Phayathai Road, Bangkok, 10330, Thailand
  • Phone: +66.2.202.8000

Related Companies

  • WorldPhone Shop Co., Ltd.
  • DTAC Broadband Co., Ltd.
  • dtac TriNet Co., Ltd.
  • TAC Property Co., Ltd.
  • WorldPage Co. Ltd.
  • TAC Finance Co. BV
  • United Communication Industry Public Co. Ltd.

Competitors

  • Advanced Information Technology Public Co., Ltd.
Last Updated on 4 Oct, 2022

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more