Shares in AIS surge after Thai telco dominates 5G auctions

Government raises $3.2bn from mobile operators by auctioning off licenses

Advanced Info Service has emerged the clear winner in Thailand's auctions for fifth-generation mobile network spectrum. (Photo by Yumi Kotani)

APORNRATH PHOONPHONGPHIPHAT, Nikkei staff writer

February 17, 2020 22:28 JST

BANGKOK -- Advanced Info Service, Thailand's largest mobile operator, has emerged the clear winner in the country's auctions for fifth-generation network spectrum, which were held on Feb. 16. Investors welcomed AIS's winning bids and on the next day sent the company's shares up almost 5% from their closing price on Feb. 14.