Mobile carriers focused purely on wireless — the cell-tower networks behind your phone plan for calls, texts and mobile data.
Contains
News movingWireless Telecommunication Services
CanadaUnited States
Wireless Telecommunication Services▲
TELUS and AST SpaceMobile Complete First Satellite-to-Smartphone Integration Test
TELUS and AST SpaceMobile have successfully completed their first integration test between TELUS' wireless network and AST SpaceMobile's space-based network, a milestone toward delivering broadband data, voice calls and text messages directly between smartphones and satellites. The service is expected to be available to TELUS customers within the next year, letting eligible smartphones connect beyond the reach of traditional cell towers. AST SpaceMobile's constellation features the largest communication arrays ever deployed in Low Earth Orbit. Nazim Benhadid, Executive Vice-President and Chief Technology Officer at TELUS, called the milestone a major step forward in extending cellular coverage to places where service isn't available today, while AST SpaceMobile Chief Commercial Officer Chris Ivory said the test reflects the strength and maturity of the company's technology. The partnership builds on TELUS' ongoing investments in its wireless network, including faster 5G+ and LTE speeds and expanded coverage across Canada.
ASTS · Technology · Positive AST SpaceMobile's space-based network completed its first integration test with TELUS, validating its satellite-to-smartphone technology.
TU · Technology · Positive TELUS completed a first integration test linking its wireless network to AST SpaceMobile's satellite network, advancing direct satellite-to-smartphone service for its customers.
Krungsri keeps Buy on ADVANC with 430 baht target, expects Q3 2026 profit of 13,426 million baht
Krungsri Securities maintains a "Buy" rating on Advanced Info Service Public Company Limited, or ADVANC, with a target price of 430 baht based on the DCF method. Against the latest closing price of 349 baht, that implies 23% upside. It expects net profit for the third quarter of 2026 at 13,426 million baht, up 11.5% year on year but down 2.1% quarter on quarter. The sequential slowdown stems from higher network-related costs and a larger share of losses recognized from the Virtual Banking business. Core revenue excluding IC is expected at 45,600 million baht, up 4.8% year on year and 0.5% quarter on quarter, driven by the mobile and fixed broadband businesses. Total revenue is expected at 57,739 million baht, up 6.2% year on year and 2.2% quarter on quarter. EBITDA is expected at 32,829 million baht, up 4.5% year on year but down 0.3% quarter on quarter. On the subscriber base, total mobile users are expected at 47.247 million numbers, up 2.1% year on year and 0.3% quarter on quarter, split into 14.022 million postpaid and 33.225 million prepaid numbers. Blended ARPU is 242 baht per month, up 3.5% year on year and 0.9% quarter on quarter. Fixed broadband customers stand at 5.386 million, up 3.5% year on year and 0.7% quarter on quarter. Krungsri also maintains its 2026 profit forecast at 53,325 million baht, growing 15.9% year on year. If third-quarter 2026 results come in as expected, they would represent 76% of the full-year profit forecast, and profit momentum is expected to reaccelerate in the fourth quarter of 2026 on seasonal tourism and high levels of consumer spending. It also sees upside risk to its profit forecast of about 3% to 4% and expects a dividend yield of 4.9% for 2026. For 2026, it forecasts revenue of 236,447 million baht, EBITDA of 126,968 million baht, and net profit of 53,325 million baht.
ADVANC.BK · Capital · Positive Krungsri maintains Buy rating with 430 baht target and forecasts Q3 2026 net profit of 13,426 million baht, up 11.5% YoY.
AIS launches SMART Pets Phone, a GPS and video-call smartphone for pets with no monthly fee
AIS has launched the AIS SMART Pets Phone, a smart pet tracker and communication device, under the concept More Than Tracking, It's Caring. It upgrades from the AIS Pet Tracker to real-time connection and communication, combining communications and IoT technology so owners can track and communicate with their pets even when apart. It was unveiled for the first time at the Pet Run Club event at AIS SIAM, Siam Square. The device supports two-way video calls and voice calls, with an automatic response system and a Video Location function for viewing the surroundings around the pet. For tracking, it uses Real-Time Precision GPS, lets users set a Safe Zone and sends alerts when the pet leaves the area, and includes a Pet Flash Locator and a One-Touch SOS button. It has an IP67 waterproof rating and an 800 mAh battery that lasts up to 4 days of continuous use, with no monthly subscription fee. For connectivity, it supports the AIS One-2-Call! Gadget SIM, an annual data SIM for IoT devices with no long-term contract tie-in. The device weighs only 38 grams and is suitable for pets weighing 8 kilograms or more, with a 1-year product warranty. It is priced at 1,990 baht and available at AIS Shop and the AIS Online Store.
KGI expects ADVANC's Q3 2026 profit to grow 11% to 13.3 billion baht
KGI Securities (Thailand) said in an analysis dated October 2, 2026, that it expects Advanced Info Service, or ADVANC, to report net profit of approximately 13.3 billion baht for the third quarter of 2026, down about 3% from the previous quarter but up roughly 11% from the same period a year earlier. Core profit is expected at approximately 13.2 billion baht, down 3% from the previous quarter and up 10% from a year earlier. Total revenue this quarter is expected at approximately 57.7 billion baht, up 5.8% from the same period a year earlier but down 0.3% from the previous quarter, driven by continued growth in the mobile phone business and the Fixed Broadband, or FBB, business. If the forecast holds, core profit for the first nine months of 2026 will be approximately 40.3 billion baht, up 20% from the same period a year earlier, accounting for about 73% of KGI's full-year 2026 profit estimate. KGI expects normal profit for the full year at approximately 55.1 billion baht, up 19.8% from a year earlier, and expects it to rise to approximately 58.2 billion baht in 2027. KGI maintains its Outperform recommendation and has lowered its 2027 target price to 396 baht from 425 baht, seeing roughly 15% upside from the share price of 345 baht on October 1, 2026, and expects a dividend yield of about 5% per year.
ADVANC.BK · Capital · Positive KGI forecasts ADVANC's Q3 2026 net profit up ~11% YoY and maintains Outperform with 15% upside, an analyst valuation call.
AST SpaceMobile Hit by Securities Class Actions Over Funding Disclosures
Law firms Schall, Brown & Schwartz LLP and Rosen Law Firm have announced securities class action lawsuits against AST SpaceMobile, alleging misleading statements about its capital resources, competitive position and user adoption between March 4, 2025 and July 15, 2026. The cases focus on whether AST SpaceMobile misrepresented its balance of cash, debt and share issuance while scaling its satellite network, raising fresh questions about how robust its funding model really was during this critical buildout phase. The allegations land against the backdrop of the August 2026 launch of BlueBird satellites 11 to 13, which pushed the constellation further toward continuous coverage in initial markets. Before these lawsuits, the most pessimistic analysts already assumed revenue might reach about US$2.1 billion by 2029 while warning that heavy dilution and a possible 7 percent annual share count increase could still leave AST SpaceMobile trading at over 100 times earnings. AST SpaceMobile's narrative projects $2.2 billion revenue and $190.9 million earnings by 2029, requiring 165.5% yearly revenue growth and an $809.7 million earnings increase from -$618.8 million today.
ASTS · Regulation · Negative Securities class actions allege AST SpaceMobile misled investors about its capital resources, competitive position and user adoption.
UOB Expects ADVANC Q3/69 Profit at 13,340 Million Baht, Buy Rating with 415 Baht Target
UOB Kay Hian Thailand has issued an analyst report forecasting the third-quarter 2026 results of ADVANC and TRUE, maintaining a buy rating on both stocks. The research team expects ADVANC to post a net profit of 13,340 million baht in the third quarter of 2026, up 11% year on year but down 3% quarter on quarter, with core service revenue from key segments at 45,830 million baht, up 5.1% year on year and up 1% quarter on quarter. The gross profit margin is expected to hold steady at 44.4%, and the quarter-on-quarter decline in profit stems from higher IT-related expenses. The team maintains its buy rating on ADVANC with a target price of 415 baht. For TRUE, the research team expects a net profit of 6,970 million baht in the third quarter of 2026, up 343% year on year and up 6% quarter on quarter. The year-on-year growth comes off a low base in the same period last year due to a single network outage incident, while the quarter-on-quarter profit growth is supported by the continued strength of most business operations. Core service revenue in the third quarter of 2026 is expected at 41,800 million baht, growing 1.3% year on year and up 1.0% quarter on quarter, driven by strong performance in the mobile, broadband, and television businesses. The team views the third quarter of 2026 as a low season, particularly for handset sales, since iPhone sales are likely to make a significant contribution in the fourth quarter of 2026. The research team maintains its buy rating on TRUE and raises its target price to 16.50 baht from 15.70 baht.
ADVANC.BK · Capital · Positive UOB Kay Hian maintains buy rating on ADVANC with 415 baht target, forecasting Q3/2026 net profit of 13,340 million baht, up 11% year on year.
TRUE.BK · Capital · Positive UOB Kay Hian maintains buy rating on TRUE and raises target price to 16.50 baht from 15.70 baht, forecasting Q3/2026 net profit up 343% year on year.
Vodafone Fair Value Lifted to £1.22 as Analysts Raise Targets on Q1 Trading
Analysts raised their fair value estimate for Vodafone Group from £1.20 to £1.22, a roughly 2.2% increase, after what several banks described as stronger Q1 trading and a clearer view on the Vodafone Three stake acquisition. Berenberg lifted its price target to 140 GBp from 123 GBp, citing strong Q1 results especially in Vodacom and Germany and the acquisition of the 49% stake in Vodafone Three, while Goldman Sachs set a higher 155 GBp target and moved to a Buy rating, pointing to faster improvement in return on invested capital. New Street also moved to a Buy rating, and Morgan Stanley raised its target twice, from 105 GBp to 115 GBp and then to 125 GBp, though it kept an Equal Weight rating. The revised targets cluster in the £1.15 to £1.55 range. Alongside the fair value change, the model's revenue growth assumption shifted from roughly 5.17% to 5.33%, the net profit margin moved from about 7.95% to 6.94%, and the future P/E rose from about 8.9x to 10.5x, with the discount rate holding around 7.56%.
VOD.LSE · Capital · Positive Analysts raised Vodafone's fair value to £1.22 and multiple banks lifted price targets/Buy ratings after stronger Q1 trading and the Vodafone Three stake acquisition.
Delaware Court Overturns $22.7M Patent Award Against Gogo
A U.S. district court in Delaware overturned a jury decision to award $22.7M to the plaintiffs in a patent case against Gogo Inc., ruling that SmartSky Networks failed to present sufficient evidence that it suffered legally recoverable damages and that the amount of the award was unsupported by the actual facts. SmartSky sued Gogo for patent infringement in February 2022, claiming Gogo's 5G air-to-ground inflight connectivity service illegally used SmartSky's proprietary technology. In November 2025, a jury agreed with SmartSky that Gogo infringed on its four patented technologies, but the $22.7M monetary award was set aside because SmartSky failed to legally prove its calculated damages. Although the decision is subject to appeal, Gogo applauded the court's decision regarding the award, calling it a significant step in resolving the matter and saying the court found SmartSky's damages award was untethered to the evidentiary record. SmartSky said the court upheld the jury's findings that Gogo willfully infringed its valid patents, adding that it is disappointed with the damages ruling and is evaluating its options for further relief.
Rogers Completes C$4.35 Billion Buyout of Maple Leaf Sports & Entertainment
Rogers Communications Inc. announced today that it has completed the acquisition of Maple Leaf Sports & Entertainment, increasing its ownership of MLSE to 100%. Rogers acquired the remaining 25% ownership stake in MLSE from Kilmer Sports Inc. for C$4.35 billion. MLSE includes the Toronto Maple Leafs, Toronto Raptors, Toronto FC, Toronto Argonauts, the development teams affiliated with Toronto's NHL and NBA franchises, Scotiabank Arena, and its partnership with Live Nation. Rogers will create a new business unit, Rogers Sports, that brings its sports, media and entertainment businesses together including MLSE and the Toronto Blue Jays. Keith Pelley will remain President and CEO of MLSE and Mark Shapiro will remain President and CEO of the Toronto Blue Jays, with Pelley taking on additional accountability for Rogers Media effective immediately.
RCI · Capital · Positive Rogers completed its C$4.35 billion acquisition of the remaining 25% of MLSE, taking full ownership and creating a new Rogers Sports unit.
NAD Backs Most T-Mobile T-Fiber Claims, Tells It to Modify Cable Contract Ad
BBB National Programs' National Advertising Division found that T-Mobile US, Inc. supported certain comparative claims about its T-Mobile Fiber service, but recommended the company modify its "Break free from big cable contracts" claim following a challenge by Charter Communications. The two companies compete in the home internet market, with Charter offering residential service under the Spectrum brand via hybrid fiber-coaxial and fiber-to-the-home networks, and T-Mobile offering FTTH through T-Fiber. NAD determined that T-Mobile's speed claims, including that T-Fiber provides "up to gigabit upload and download speeds" and "significantly more uploading power than most cable internet options," were supported as qualified descriptions of traditional cable internet. NAD also found supported the claims that T-Fiber offers lower latency than traditional cable internet, that T-Fiber experiences "no slow down during peak hours," and that fiber is more scalable and future-proof than coaxial cable technology. However, NAD found that the "Break free from big cable contracts" headline, read with the cable internet comparison, conveys the unsupported message that major cable providers including Spectrum necessarily require long-term contracts and impose early termination fees, and recommended T-Mobile modify the claim. In its advertiser statement, T-Mobile said it "will comply with NAD's recommendation."
TMUS · Regulation · Neutral NAD upheld most T-Fiber speed/latency claims but recommended modifying the 'Break free from big cable contracts' claim, a mixed regulatory outcome.
CHTR · Regulation · Positive NAD sided with Charter's challenge, recommending T-Mobile modify its 'Break free from big cable contracts' ad claim.
South Korea to launch domestic AI services this month, led by SK Telecom, KT and Kakao
Three consortiums led by SK Telecom, KT and Kakao plan to launch artificial intelligence services developed under the South Korean government's project in closed beta within October. Under the AI for All project, launched last July, the initiative aims to reduce reliance on foreign AI models and requires developers to use domestically developed AI models for at least 50% of the services they offer, while receiving government funding and GPU support. Initial developers are targeting 5 million monthly users, while Kakao aims to grow that to 10 million by 2027 and 30 million by 2030. The government also plans to inject an additional 250 billion won in budget starting next year, part of which will be used to procure around 2,000 GPUs. Meanwhile, the Ministry of Science and ICT said that about 23 million South Koreans have used generative AI models, with roughly 21 million using free basic-tier models.
017670.KO · Technology · Positive SK Telecom leads a consortium launching a domestically developed AI service under the government's AI for All project.
030200.KO · Technology · Positive KT leads a consortium launching a domestically developed AI service under the government's AI for All project.
035720.KO · Technology · Positive Kakao leads a consortium launching a domestic AI service and targets 10M users by 2027 and 30M by 2030.
Bualuang expects ADVANC Q3/2026 core profit at 13.0 billion baht, calling it the year's low point
Bualuang Securities estimates that the third-quarter 2026 core profit of Advanced Info Service Public Company Limited, or ADVANC, will come in at 13.0 billion baht, up 8% year on year but down 5% quarter on quarter. The decline from the previous quarter stems from seasonally higher SG&A expenses and the first full quarter of loss recognition from CLICX Bank, outweighing the softening of the core telecommunications business. Total revenue is expected at 57.5 billion baht, up 5.7% year on year and 1.7% quarter on quarter, supported by mobile, home internet, and device sales from the iPhone 18 launch. Mobile revenue is forecast at 34.1 billion baht, up 3.7% year on year but down 0.7% quarter on quarter, on 47.3 million users and prepaid ARPU rising 6.5% year on year to 160 baht. CLICX is expected to post a loss share of 23 million baht, compared with a profit of 273 million baht in the second quarter, after the bank began operations on 19 June and with ADVANC holding a 39% stake. The research team views the third quarter of 2026 as the year's low point, with nine-month 2026 core profit forecast at 40.1 billion baht, up 19% year on year and representing 74% of the full-year estimate, before a quarter-on-quarter recovery in the fourth quarter driven by the high season, prepaid package price adjustments from March, and a full quarter of iPhone 18 Pro and Pro Max sales. It maintains a Buy rating with a target price of 398 baht, seeing the share price weakness around the third-quarter results as an accumulation opportunity, since the main pressure comes from seasonal expenses and CLICX while the core business is still growing. Full-year 2026 core profit is still expected at 54.3 billion baht, up 13.7% year on year. The impact of Bangkok flooding on the network is expected to be limited, and the bigger issue to watch is purchasing power in the flooded areas in early the fourth quarter of 2026.
ADVANC.BK · Capital · Positive Bualuang estimates ADVANC's Q3/2026 core profit at 13.0 billion baht and maintains a Buy rating with a 398 baht target price, calling the weakness an accumulation opportunity.
CLICX (Clicx Bank) · Capital · Negative CLICX is expected to post a loss share of 23 million baht in Q3/2026 versus a 273 million baht profit in Q2 after starting operations on 19 June.
Brokers back ADVANC with Q3 2026 profit seen at 13 billion baht, top target 430 baht
Analysts at Krungsri Securities and Yuan Ta Securities (Thailand) issued research notes on 30 September 2026, expecting Advanced Info Service, or ADVANC, to post normalised profit of about 13 billion baht for the third quarter of 2026, a strong gain from a year earlier, driven by its mobile phone and fixed broadband internet businesses. Krungsri Securities forecasts normalised profit of 13.4 billion baht, up 12% year on year but down slightly, about 1%, from the previous quarter, and expects total revenue of roughly 57.7 billion baht, up 6.2% from a year earlier and 2.2% from the previous quarter. Yuan Ta Securities expects normalised profit of 13.2 billion baht, up 10% year on year but down about 3% from the previous quarter, with mobile service revenue excluding IC at roughly 34.4 billion baht and fixed broadband revenue at about 8.64 billion baht. Both houses maintain a Buy rating. Krungsri Securities sets a target price of 430 baht and keeps its 2026 normalised profit forecast at about 53.3 billion baht, up 15.9% from a year earlier. Yuan Ta Securities sets a 2027 target price of 403 baht and estimates normalised profit for 2026 and 2027 at about 54.2 billion baht and 57.7 billion baht, up 17.7% and 6.5% year on year respectively, and sees further growth potential from investment in AI infrastructure.
Daiwa keeps Buy on ADVANC with 435 baht target, expects Q3 profit to reach 13.6 billion baht, up 13%
Daiwa Securities (Thailand) Public Company Limited said in an analysis today that Advanced Info Service Public Company Limited, or ADVANC, will post normal profit of approximately 13.6 billion baht in the third quarter of 2026, up 13% from the same period last year, though slightly down 1% from the previous quarter. The result is driven by the mobile phone business and the fixed broadband business, or FBB, which are showing improving trends, both in terms of rising net new subscribers and higher average revenue per user, or ARPU. Daiwa Securities maintains its profit forecast for ADVANC in 2026 at 53.5 billion baht, up 12% from last year, and expects profit momentum in the fourth quarter of 2026 to receive additional support from seasonal factors during the business's high season, as well as full-quarter recognition of sales of new iPhone models. Daiwa Securities therefore maintains its Buy recommendation on ADVANC with a target price of 435 baht per share.
DAOL Expects SET to Be Volatile Today, Highlights ADVANC with 13% Q3 Profit Growth, Buy Rating and 435 Baht Target
DAOL Securities (Thailand) expects the SET index to be volatile today but sees momentum better than the previous day after PCE figures came in below expectations, giving a support range of 1,530-1,545 points and a resistance range of 1,572-1,586 points. It noted that still-high US bond yields put emerging markets at risk of fund flows returning to the US, and recommended using sharp share price declines as an opportunity to accumulate fundamentally strong stocks, especially banks, where it still likes KTB, KBANK and KKP. For today's top pick, it recommends buying ADVANC, expecting normal profit in the third quarter of 2026 at 13.6 billion baht, up 13% year on year and down 1% quarter on quarter, driven by the mobile and FBB businesses where net adds and ARPU improved. It maintained its 2026 profit forecast at 53.5 billion baht, up 12% year on year, with the fourth quarter of 2026 to be supported by the high season and a full quarter of recognition of new iPhone sales. Meanwhile, flooding in Bangkok, its surrounding provinces and more than 20 other provinces pressured bank and insurance stocks, sending the SET to close yesterday at 1,559.01 points, down 2.21%. Six major banks announced relief measures for customers, such as a three-to-six-month suspension of principal and interest payments and special-rate rehabilitation loans. As for the Thailand-US trade agreement talks, the principles were concluded on September 30, as disclosed by Deputy Prime Minister and Commerce Minister Supajee, but the Access Capacity measure remains, with Thailand aiming to finalise details before November to avoid higher tariffs and targeting an overall tariff rate of no more than 19%.
ADVANC.BK · Capital · Positive DAOL's top pick with a Buy rating and 435 baht target, expecting Q3 2026 profit up 13% YoY on mobile/FBB net adds and ARPU.
KBANK.BK · Regulation · Neutral Named among banks DAOL still likes, but also among banks pressured by flooding and offering relief measures like payment suspensions.
KKP.BK · Regulation · Neutral Named among banks DAOL still likes, but also among banks pressured by flooding and offering relief measures like payment suspensions.
KTB.BK · Regulation · Neutral Named among banks DAOL still likes, but also among banks pressured by flooding and offering relief measures like payment suspensions.
DAOL maintains Buy on ADVANC with 435 baht target, expects 3Q26E profit of 13.6 billion baht
DAOL Securities holds a positive view on ADVANC's normalized profit in the third quarter of 2026, expecting it at around 13.6 billion baht, up 13% year-on-year but down 1% quarter-on-quarter. The year-on-year growth comes from higher service revenue driven by data usage and upselling to high-value customers, which helps offset the impact of the low season, more cautious purchasing power amid cost-of-living pressures, and the flood situation. For the third quarter of 2026, mobile blended ARPU is expected at 241 baht and FBB ARPU at 539 baht, while service costs benefit from lower content costs after the end of the EPL. The slight quarter-on-quarter decline in profit comes from SG&A rising 3% quarter-on-quarter on IT and personnel expenses. DAOL maintains its profit forecasts for 2026E and 2027E at 54 billion and 57 billion baht, up 12% and 7% year-on-year respectively, with nine-month 2026E profit accounting for 76% of the full-year estimate. It maintains its Buy recommendation with a target price of 435.00 baht, based on DCF with a WACC of 7.0% and terminal growth of 2.0%.
ADVANC.BK · Capital · Positive DAOL maintains Buy and 435 baht target on ADVANC, forecasting 3Q26E normalized profit of 13.6 billion baht, up 13% year-on-year.
Gabelli Value 25 Fund Flags TDS Bid for Array Digital
Gabelli Value 25 Fund disclosed in its second-quarter 2026 investor letter that Telephone and Data Systems submitted a non-binding proposal in May 2026 to the board of its 82%-owned subsidiary, Array Digital Infrastructure, to acquire all outstanding common shares of Array not currently owned by TDS, at 0.86 TDS shares per Array share. Array is the fifth-largest wireless tower operator in the United States, with over 4,450 sites. TDS is a telecommunications company primarily operating rural wireline and wireless tower operations, and the stock was a 1.3% position in the fund. The fund's Class I shares gained 7.16% in the second quarter of 2026, compared with a 15.20% advance for the S&P 500, while its one-year return reached 26.11% versus 22.32% for the index. Gabelli expects 2026 S&P 500 earnings growth of 25% and continued AI investment to remain important market drivers, while flagging risks from geopolitical tensions, higher energy prices, inflation, interest-rate uncertainty, and elevated market concentration.
AD · Capital · Positive TDS submitted a non-binding proposal to acquire all outstanding Array shares it does not already own at 0.86 TDS shares per Array share, a takeover bid for the company.
TDS · Capital · Neutral TDS proposed to buy out the remaining Array Digital shares via a share-exchange offer, an M&A move whose net effect on TDS is unclear.
Asia Plus maintains Buy on ADVANC with 428 baht target, betting on iPhone 18 to boost fourth-quarter revenue
Asia Plus Securities said in an analysis that Advanced Info Service Public Company Limited, or ADVANC, is expected to post third-quarter 2026 earnings roughly flat from the previous quarter but still growing year on year, before an opportunity to accelerate in the fourth quarter of 2026 on seasonal factors and handset sales. Revenue from sales and services in the third quarter of 2026 is expected to rise about 1% from the previous quarter and 5% from the same period a year earlier, driven by mobile phone and broadband service revenue, as well as handset sales from the iPhone 17 and iPhone 18, though this is partly offset by higher selling and administrative expenses and a lower share of profit from associates, since the third quarter of 2026 is the first quarter in which ADVANC fully recognises a full quarter of losses from its branchless commercial banking business of about 167 million baht. The research team estimates third-quarter 2026 net profit at about 13.6 billion baht, flat from the previous quarter but up 14% from the same period a year earlier. If it comes in as expected, first-nine-month profit for 2026 would represent about 75% of the full-year profit forecast. For the fourth quarter of 2026, service revenue and handset sales are expected to get a boost from seasonal factors and from fully recognising iPhone 18 sales for the whole quarter after its launch in mid-September 2026, as well as the launch of a foldable-screen smartphone model in October 2026. Asia Plus Securities maintains its normalised profit forecasts for 2026 and 2027 at 54 billion baht, up 18% year on year, and 59 billion baht, up 9% year on year, respectively. It also maintains its Buy recommendation and its 2027 fair value of 428 baht per share, based on the discounted cash flow method using a WACC of 6%, and expects a full-year dividend yield of about 5.0% to 5.2% for 2026 to 2027.
ADVANC.BK · Capital · Positive Asia Plus maintains Buy and 428 baht fair value, forecasting Q4 2026 acceleration on iPhone 18 sales and seasonal factors.
Brokerages expect ADVANC Q3 2026 profit of 13.4 billion baht; TRUE to surge 342% to 6.9 billion
Several brokerages have assessed the third-quarter 2026 results of ADVANC and TRUE, expecting ADVANC to post a core profit of 13.4 billion baht, up 11% year-on-year but down 2% quarter-on-quarter, weighed by a 9% rise in SG&A expenses and a recognized share of losses of 206 million baht from CLICX Bank, in which ADVANC holds a 39% stake. Revenue from the mobile and home internet businesses continued to grow. Brokerages set the highest target price for ADVANC at 430 baht. For TRUE, profit is expected at around 6.9 billion baht, up 342% year-on-year and 6% quarter-on-quarter, driven by revenue growth and cost reductions. Brokerages set the highest target price for TRUE at 18.60 baht and expect a third-quarter dividend of about 0.15 to 0.16 baht per share.
Krungsri maintains Buy on ADVANC with 430 baht target, expects 3Q26F profit to grow 11.5%
Krungsri Securities Public Company Limited maintains a Buy rating on ADVANC with a target price of 430 baht, expecting third-quarter 2026 net profit of 13.4 billion baht, up 11.5% from a year earlier but down 2.1% from the previous quarter. Core profit is expected at 13.4 billion baht, up 12.0% year on year and down 1.4% quarter on quarter. The pressure on profit compared with the previous quarter comes from higher network costs and a larger share of losses recognised from Virtual Banking. Core revenue excluding Interconnect is expected to rise 4.8% year on year and 0.5% quarter on quarter to 45.6 billion baht, supported by the mobile and Fixed Broadband businesses, with mobile revenue forecast at 34,437 million baht and FBB revenue at 8,654 million baht. Krungsri maintains its 2026 profit forecast at 53.3 billion baht, up 15.9% year on year, and expects a dividend yield of 4.9%. ADVANC closed at 349 baht against the 430 baht target price, implying upside of 23%.
Yuanta maintains Buy on ADVANC with 403 baht target, expects 3Q26 profit to grow 10%
Yuanta Securities released an analysis expecting ADVANC to post normal profit of 13.2 billion baht in the third quarter of 2026, down 3% from the previous quarter but up 10% from a year earlier, supported by strong core business revenue and cost reductions that help offset higher depreciation and network costs. Mobile service revenue excluding interconnection fees is expected at 34.4 billion baht, up 0.2% from the previous quarter and 4.7% from a year earlier, while broadband revenue is expected at 8.64 billion baht and equipment business revenue at 9.1 billion baht, benefiting from the iPhone 17 launch and strong reception for the iPhone 18 Pro and iPhone 18 Pro Max. The company is expected to post EBITDA of 32.3 billion baht and an EBITDA margin of 57.9%. The company will announce its results on November 3, 2026. As for the CLICX business, it lost 428 million baht in the third quarter through August and is expected to remain in loss in September, as it has only recently started lending and must set aside high ECL provisions, though the impact on group profit remains limited because ADVANC holds a 39% stake. Yuanta maintains its Buy rating with a fair value of 403 baht per share, based on DCF with a WACC of 7.5% and terminal growth of 1.0%. It expects normal profit of 54.2 billion baht in 2026, up 17.7% from a year earlier, and 57.7 billion baht in 2027, up 6.5%, with the current share price offering a dividend yield of about 5.0% in 2026 and 5.3% in 2027.
ADVANC.BK · Capital · Positive Yuanta maintains Buy rating with 403 baht fair value and forecasts 3Q26 normal profit up 10% YoY on strong core revenue and cost cuts.
CLICX (Clicx Bank) · Capital · Negative CLICX lost 428 million baht in 3Q26 through August and is expected to remain in loss due to high ECL provisions from its new lending business.
Yuanta rates ADVANC a Buy, raises target to 403 baht, expects Q3 profit to reach 13.2 billion
The analyst at Yuanta Securities (Thailand) recommends "Buy" on ADVANC shares and has raised the target price to 403.00 baht from 390 baht, expecting normal profit in the third quarter of 2026 to come in at 13.2 billion baht, down 3% from the previous quarter but up 10% from the same period a year earlier, driven by strong core business revenue from both Mobile and Broadband, while cost reductions help offset higher depreciation and network costs from investment in network expansion. It also expects normal profit of 54.2 billion baht for 2026, up 17.7% from the previous year, and 57.7 billion baht for 2027, up 6.5% from the previous year. Nine-month profit for 2026 is expected at 40.3 billion baht, or 74% of the full-year 2026 estimate. As for CLICX, it lost 428 million baht in the third quarter of 2026 through August, and September is expected to remain in loss as it has only just started lending and must set high ECL in the early period. Despite the loss, with ADVANC's 39% shareholding, the impact on group profit remains limited compared with ADVANC's profit of more than 10 billion baht per quarter.
ADVANC.BK · Capital · Positive Yuanta rates ADVANC a Buy and raises its target price to 403 baht on expected Q3 2026 normal profit of 13.2 billion baht.
CLICX (Clicx Bank) · Capital · Negative CLICX lost 428 million baht in Q3 2026 through August and September is expected to remain in loss due to high early-stage ECL.
ADVANC Board Appoints Siriwipa as Audit Committee Member, Reclassifies Yon as Executive Director
At its meeting on September 29, 2026, the Board of Directors of Advanced Info Service Public Company Limited, or ADVANC, approved a proposal from the Nomination and Remuneration Committee to change the director category of Mr. Yon Phokasup from independent director to executive director, owing to additional administrative duties assigned to him. The meeting also resolved to appoint Mrs. Siriwipa Suphanthanet, currently an independent director, to serve as a member of the Audit and Risk Oversight Committee in his place, effective from September 29, 2026 onward. The disclosure was announced by Mr. Pratthana Leelapanang, Chief Executive Officer of ADVANC.
ADVANC.BK · Regulation · Neutral Board reclassifies a director and appoints an audit committee member, a routine governance change with no clear financial impact.
Asia Plus expects ADVANC's Q4 2026 profit to grow on full-quarter iPhone 18 sales
Asia Plus Securities released an analysis forecasting that service revenue and equipment sales at Advanced Info Service Public Company Limited, or ADVANC, in the fourth quarter of 2026 will get a boost from seasonal factors, and will also recognize a full quarter of iPhone 18 sales after the launch in mid-September 2026, with a foldable-screen model to be launched in October 2026 that is expected to significantly drive sales growth beyond previous levels. However, this may be partly offset by higher costs and expenses from a larger investment plan and year-end marketing activities. For the third quarter of 2026, the research team expects ADVANC to post a net profit flat from the previous quarter at 13.6 billion baht, but still up 14% year on year compared with the third quarter of 2025, which was still affected by the roaming service project with NT that generated losses, and that project expired in early August 2025. The research team maintained its normal profit estimates for 2026 and 2027 at 54 billion baht, up 18% year on year, and 59 billion baht, up 9% year on year, respectively. It also maintained its 2027 target price at 428 baht and a buy recommendation, expecting a dividend yield for the full years 2026 to 2027 of 5.0% to 5.2%.
ADVANC.BK · Capital · Negative Higher costs and expenses from a larger investment plan and year-end marketing activities may partly offset the profit boost.
ADVANC.BK · Demand · Positive Full quarter of iPhone 18 sales plus a foldable model launch expected to significantly drive equipment sales and service revenue growth in Q4 2026.
Asia Plus Expects ADVANC Q3 Profit to Grow 14% on iPhone 18 Boost
Asia Plus Securities said it expects ADVANC to post net profit of 13.6 billion baht in the third quarter of 2026, flat from the previous quarter but up 14% from the same period a year earlier, driven by service and sales revenue expected to rise 1% quarter-on-quarter and 5% year-on-year on continued growth in mobile and broadband service revenue, plus handset sales lifted by the iPhone 17 and iPhone 18. However, the revenue increase is partly offset by higher selling and administrative expenses from marketing spending and IT system investment, as well as a decline in share of profit from associates, since the third quarter of 2026 is the first quarter to fully recognise a loss of about 167 million baht from the branchless commercial banking business. If profit comes in as expected, first-nine-month profit for 2026 would represent 75% of the research house's full-year forecast. For the fourth quarter of 2026, service revenue and handset sales are expected to get a seasonal boost, and the company will fully recognise iPhone 18 sales for the quarter after the launch in mid-September 2026, while a foldable-screen model due in October 2026 is expected to drive sales growth significantly above the prior year. The research house maintained its normalised profit forecasts for 2026 and 2027 at 54 billion baht, up 18% from a year earlier, and 59 billion baht, up 9% from a year earlier, respectively. It also kept its 2027 fair value at 428 baht and maintained a Buy rating on ADVANC, expecting a dividend yield of 5.0% to 5.2% for the full 2026 and 2027 periods.
T-Mobile Launches AI AutoPilot and Dynamic CX Nationwide
T-Mobile US announced on September 24 the nationwide launch of new AI-powered AutoPilot capabilities alongside an expansion of its Dynamic CX platform. Embedded directly into T-Mobile's Self-Organizing Network, AutoPilot enables real-time automated network adjustments during changing conditions, while Dynamic CX leverages AI to predict traffic demands and optimize user performance. The software-driven enhancements build on T-Mobile's ongoing physical infrastructure investments, including backup power and diverse transport paths, aimed at maximizing uptime and network resilience. In Q2 2026, T-Mobile reported total service revenue rising 9% year-over-year to $19.0 billion, Postpaid service revenue growing 13% to $15.9 billion, and Postpaid ARPA reaching $152.91, up 2%, while management raised full-year 2026 Adjusted Free Cash Flow guidance to between $18.4 billion and $18.8 billion. The company continues to manage UScellular merger-related integration costs, which impacted Q2 net income by $146 million, or $0.14 per diluted share, as Postpaid net account additions fell 13% year-over-year to 277 thousand.
T-Mobile Launches AI-Powered AutoPilot and Dynamic CX to Boost 5G Resilience
T-Mobile US has enhanced its 5G network with new artificial intelligence-powered capabilities, launching advanced AutoPilot capabilities and rolling out Dynamic CX nationwide as part of broader network modernization efforts. Built into T-Mobile's Self-Organizing Network, AutoPilot uses intent-based AI automation to make real-time network adjustments, with recent testing showing it can respond in about half the time, while Dynamic CX uses AI to anticipate demand during major events and automatically optimize network performance. The company is also investing in physical resilience, with hybrid generators helping keep network sites operational up to 50% longer during extended power outages and additional backup transport paths allowing traffic to move through alternative routes. Its Self-Organizing Network technology supported network continuity during Winter Storm Fern, keeping sites online for more than 250,000 additional minutes across over 30 states and enabling more than 30,000 antenna adjustments to extend coverage. T-Mobile faces competition from AT&T, which is deploying 600 MHz spectrum and advanced Ericsson radios and has launched a dedicated 5G standalone core for FirstNet, and from Verizon, which is expanding its fiber infrastructure and using AI-enabled tools to improve network performance. T-Mobile shares have plunged 30.4% over the past year against the industry's growth of 94.9%, and the stock trades at a forward price-to-sales ratio of 1.82 versus the industry's 7.92. T-Mobile's earnings estimates for 2026 have increased 1.2% to $10.82 per share over the past 60 days, while estimates for 2027 have risen 1.2% to $13.39.
TMUS · Technology · Positive T-Mobile launched AI-powered AutoPilot and Dynamic CX plus physical resilience upgrades to strengthen its 5G network.
T · Competition · Neutral Mentioned as a competitor deploying 600 MHz spectrum, advanced Ericsson radios, and a dedicated 5G standalone core for FirstNet.
VZ · Competition · Neutral Mentioned as a competitor expanding fiber infrastructure and using AI-enabled tools to improve network performance.
TDS Withdraws All-Stock Bid for Array Digital, Reopens Buyback Door
Telephone and Data Systems Inc. withdrew its all-stock acquisition proposal for the remaining minority shares of Array Digital Infrastructure on September 1, abandoning a deal that would have given outside Array shareholders 0.86 shares of TDS for each share held. TDS retains its controlling 82% equity stake in Array, leaving public shareholders with an 18% minority position, after a special committee formed by Array's board failed to reach consensus with TDS on exchange ratios and relative share valuation. Management said current market conditions favor immediate share repurchases over share-issuance transactions, allowing TDS to draw on $523.9 million in remaining board authorization as of June 30, which includes a $500 million expansion approved in November 2025. TDS and Array also plan to accelerate monetization of Array's residual wireless spectrum holdings, converting non-earning assets into non-dilutive capital to fund TDS Telecom's fiber footprint expansion. Hedge fund holders in TDS rose to 50 from 47 in the prior quarter, while short interest sits at an exceptionally low 0.06% of the float; management has not set fixed timelines or price targets for the spectrum sales or the buyback cadence.
TDS · Capital · Positive TDS withdrew the dilutive all-stock Array deal and will instead use its $523.9M buyback authorization for immediate repurchases.
AD · Capital · Neutral TDS withdrew its all-stock bid for Array's minority shares, leaving Array's 18% public holders without the proposed exchange; Array also plans to accelerate spectrum monetization.
Yuanta Securities (Thailand) has raised its end-2027 fair value for Advanced Info Service, or ADVANC, to 403 baht per share from 390 baht per share, based on a DCF method under assumptions of a 7.5% WACC and 1.0% terminal growth, and upgraded its recommendation to "Buy" from "Trading Buy." On earnings estimates, Yuanta lifted its normal profit forecasts for 2026 and 2027 by 4% and 6% respectively, after mobile service revenue excluding interconnection charges trended better than expected. It expects normal profit of about 54.165 billion baht in 2026, rising to 57.674 billion baht in 2027. The analyst team gives most weight to the Mobile, Fixed Broadband and Enterprise businesses because their revenue patterns and returns are clearly assessable, while AI Infrastructure, Virtual Bank and other new digital businesses are still seen more as upside rather than being included in the base assumptions, until there is clarity on recurring revenue, ROIC asset utilisation and post-investment cash flow. The core businesses remain attractive on a dividend yield of about 5%. Key risk factors include regulatory and spectrum changes, Data Center and AI investment running ahead of actual demand, technological change, and rising bond yields.
ADVANC.BK · Capital · Positive Yuanta raised ADVANC's fair value to 403 baht and upgraded it to Buy, lifting 2026-2027 profit forecasts on better-than-expected mobile service revenue.
T-Mobile US Launches Nationwide AI Network Automation Tools AutoPilot and Dynamic CX
T-Mobile US has rolled out nationwide AI-powered network automation tools AutoPilot and Dynamic CX, aimed at real-time network resilience. AutoPilot uses AI to automate network configuration and traffic routing during disruptions and periods of heavy demand, while Dynamic CX applies AI to monitor service quality and adjust network resources to support customer experience during high-usage events. The carrier, which ranks among the largest US wireless carriers serving the United States, Puerto Rico, and the US Virgin Islands, is leaning into AI-driven efficiencies as a way to differentiate against Verizon and AT&T. The rollout fits a broader theme of AI-driven infrastructure across telecom and cloud networks, though questions remain over how T-Mobile US will balance heavy network and AI investment against an already high debt load and ongoing pricing pressure.
T-Mobile Raises Quarterly Dividend 15% to $1.17 Per Share
T-Mobile US raised its quarterly dividend payout by 15% to $1.17 per share from $1.02, payable on Dec. 10, 2026, to shareholders of record as of Nov. 25. The hike follows second-quarter 2026 operating cash flow of $7.5 billion, up 7% year over year, and adjusted free cash flow of $4.8 billion, up 4%, with management lifting its 2026 adjusted free cash flow guidance to $18.4-$18.8 billion from $18.1-$18.7 billion. During the quarter T-Mobile returned $3.3 billion to shareholders, comprising $2.2 billion in share repurchases and $1.1 billion in dividends, bringing cumulative shareholder returns since the program's launch to $54.6 billion through June 2026. Second-quarter service revenues rose 9% year over year to $19 billion, postpaid service revenues advanced 13% to $15.9 billion, and core adjusted EBITDA climbed 12% to $9.5 billion, while postpaid ARPA increased 2% to $152.91. Offsetting the gains, postpaid net account additions fell 13% year over year to 277,000, competition from AT&T and Verizon persists, and short- and long-term debt totaled roughly $84.6 billion at the end of June 2026.
Yuanta raises ADVANC target to 403 baht, recommends Buy
Yuanta Securities raised its profit forecasts for Advanced Info Service Public Company Limited, or ADVANC, by 4% for 2026 and 6% for 2027, citing better-than-expected Mobile Service Revenue excluding IC. It set a new fair value of 403.00 baht per share using a DCF method with a WACC of 7.5% and terminal growth of 1.0%, and upgraded its recommendation to "Buy," viewing the share price around 350.00 baht per share as attractive again for gradual accumulation. The core value of ADVANC still comes from its Mobile, Fixed Broadband, and Enterprise businesses, whose economics are visible today, while AI Infrastructure, Virtual Bank, and New Digital Businesses remain upside rather than core profit in the forecasts. The company offers a dividend yield of about 5% at the current share price. Key risks include changes in regulation and spectrum, Data Center and AI investment exceeding demand, technology disruption, and higher bond yields, which could pressure both free cash flow and valuation.
ADVANC.BK · Capital · Positive Yuanta raised ADVANC's 2026-27 profit forecasts and upgraded to Buy with a new 403 baht fair value, calling the ~350 baht price attractive.
Optimum Communications Shares Jump 5.9% on Expanded A+E Global Media Deal
Optimum Communications shares jumped 5.9% in the afternoon session after the company signed an expanded, multi-year distribution agreement with A+E Global Media. The renewed and expanded deal keeps Optimum TV subscribers across the company's 21-state footprint able to access A+E's full linear channel lineup, including A&E, The History Channel, Lifetime, Lifetime Movie Network, FYI, VICE, Military History Channel, Crime + Investigation, Lifetime Real Women, and The History Channel en Español. Multi-year carriage deals help cable operators protect their programming slate and reduce the risk of channel blackouts that can push subscribers to cancel or switch providers. The stock is down 37.5% since the beginning of the year and, at $1.08 per share, trades 60% below its 52-week high of $2.69 from October 2025. The move follows a 4.9% gain 27 days ago, when the company announced the completion of a $6 million investment to strengthen its network infrastructure in Lubbock, Texas, including an approximately 100-mile fiber ring.
OPTU · Demand · Positive Expanded multi-year distribution deal with A+E Global Media keeps Optimum TV subscribers able to access A+E's full channel lineup, protecting its programming slate and reducing subscriber churn.
A+E Global Media · Demand · Positive A+E Global Media signed an expanded multi-year distribution agreement with Optimum Communications covering its full linear channel lineup across a 21-state footprint.
AST SpaceMobile Rises 1.8% as Earnings Preview Points to Narrower Loss
AST SpaceMobile, Inc. closed at $61.06, up 1.8% from the previous session, outpacing the S&P 500's 0.03% decline. The company is expected to report an EPS of -$0.39 for its upcoming quarter, a 13.33% improvement from the same quarter a year earlier, on revenue of $45.19 million, which would represent 206.57% growth. For the full year, the Zacks Consensus Estimates call for earnings of -$2.27 per share and revenue of $162.52 million, year-over-year changes of -69.4% and +129.17%, respectively. Over the past month, the Zacks Consensus EPS estimate has seen no change, and AST SpaceMobile is currently a Zacks Rank #4 (Sell). The stock has gained 0.17% over the past month, underperforming the Computer and Technology sector's 5.26% gain and the S&P 500's 0.53% gain.
ASTS · Capital · Neutral Earnings preview points to a narrower quarterly loss and strong revenue growth, but the stock is a Zacks Rank #4 (Sell) and has underperformed its sector.
T-Mobile US Raises Quarterly Dividend 14.7% to $1.17
T-Mobile US declared a quarterly dividend of $1.17 per share, a 14.7% increase from its prior dividend of $1.02. The new payout carries a forward yield of 2.83%. The dividend is payable December 10 to shareholders of record as of November 25, which is also the ex-dividend date.
T-Mobile Raises Quarterly Dividend 15% to $1.17 per Share
T-Mobile US, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $1.17 per share, a 15% increase from the prior quarter. The new payout is $0.15 per share higher than the previous quarter's dividend. The dividend is payable on December 10, 2026 to stockholders of record as of the close of business on November 25, 2026. T-Mobile, headquartered in Bellevue, Washington, operates its flagship brands T-Mobile, Metro by T-Mobile and Mint Mobile.
T-Mobile Deploys AutoPilot AI Across Its Wireless Network
T-Mobile US is embedding artificial intelligence deeper into its wireless network, rolling out new tools designed to respond faster to outages, anticipate demand and automatically close coverage gaps. The centerpiece is AutoPilot, an AI-powered capability added to T-Mobile's Self-Organizing Network, or SON, which can automatically adjust nearby infrastructure when network conditions change; if a cell site fails, the system can activate surrounding sites and modify their configurations to help close the resulting coverage gap. T-Mobile says AutoPilot can make real-time network adjustments in roughly half the time previously required. The carrier is also expanding Dynamic CX, which uses AI to anticipate customer demand and optimize network performance before congestion or other problems become more disruptive. T-Mobile CTO John Saw said the company is taking the intelligence already built into its Self-Organizing Network and giving it even more ability to respond as conditions change, whether that means helping close a coverage gap caused by extreme weather, optimizing performance, or keeping customers connected during unexpected disruptions.
TMUS · Technology · Positive T-Mobile rolls out AutoPilot AI in its Self-Organizing Network to auto-adjust infrastructure and close coverage gaps in half the time.
AIS Joins Forces with the Council of Rajabhat Deans Nationwide to Launch the Aun Jai Cyber AI Literacy Course
AIS has signed a memorandum of understanding with the Association of the Council of Deans of Management Sciences Faculties of Rajabhat Universities of Thailand to promote learning and the development of digital and artificial intelligence skills across Rajabhat universities nationwide, through digital learning media and the "Aun Jai Cyber: AI Literacy" course. The collaboration aims to expand access to digital and AI knowledge for students, lecturers, and educational personnel via learning media on the LearnDi for Thais platform, the Aun Jai CYBER application, and the website www.aunjaicyber.ais.th. Sai Chon Sapmak-udom, Head of Corporate Communications at AIS, said this collaboration marks another important step in cooperation between the private sector and educational institutions in developing the skills of the new generation. Meanwhile, Assistant Professor Dr. Sing Singkhajon, President of the Association of the Council of Deans of Management Sciences Faculties of Rajabhat Universities of Thailand, said that Rajabhat universities nationwide can use the "Aun Jai Cyber" course as supplementary learning material for foundation or general education subjects, to strengthen digital skills and AI knowledge for first- to fourth-year students, and can also apply it in student potential development activities.
ADVANC.BK · Demand · Positive AIS signed an MOU with the Council of Rajabhat Deans to roll out its 'Aun Jai Cyber: AI Literacy' course and LearnDi for Thais platform across Rajabhat universities nationwide, expanding adoption of its digital learning products.
Gabelli Fund Keeps Rogers Communications Stake as RCI Buys Rest of MLSE for C$4.35 Billion
Gabelli Global Rising Income and Dividend Fund kept Rogers Communications Inc. as a holding and used its second-quarter 2026 investor letter to explain the position, noting that in July 2026 Rogers agreed to buy the remaining 25% stake in Maple Leaf Sports & Entertainment from Kilmer Sports for C$4.35 billion, lifting its interest in the entity to 100%. The fund said Rogers owns the largest wireless operator and the largest cable multiple service operator in Canada, plus a media business focused on sports and regional TV and radio, including the Toronto Blue Jays Baseball Club and a controlling interest in MLSE, whose teams include the Toronto Maple Leafs, Toronto Raptors and Toronto FC. Rogers is focused on unlocking value from its sports portfolio, with next steps likely to include combining all sports and media assets into a single organization and selling a sizeable minority interest in that entity to institutional investors. The fund returned 5.78% in the second quarter of 2026, trailing the MSCI World Index, which gained 13.90%, and had $73.1 million in net assets at the end of the quarter. Rogers shares traded between $31.38 and $41.14 over the last 52 weeks and closed at approximately $34.41 on September 22, 2026, giving the company a market capitalization of about $18.68 billion. Twenty-two hedge fund portfolios held Rogers at the end of the first quarter, compared with 25 in the previous quarter.
RCI · Capital · Positive Rogers agreed to buy the remaining 25% of MLSE for C$4.35 billion, completing full ownership and enabling a sports/media consolidation and minority-stake sale.
Maple Leaf Sports & Entertainment Ltd · Capital · Neutral Rogers is acquiring the remaining 25% of MLSE, taking its ownership to 100% and potentially folding it into a combined sports/media entity.
Kilmer Sports Inc · Capital · Neutral Kilmer Sports is the seller of its 25% MLSE stake to Rogers for C$4.35 billion, a transaction of unclear net benefit.
TRUE and ADVANC launch 29-baht AiPASS package to support TH-AI Passport project
All three mobile operators, ADVANC, TRUE and NT, have launched special packages to support the TH-AI Passport project. ADVANC was the first to launch the AiPASS package on 16 September 2026, while TRUE and NT plan to follow from 1 October 2026 at 29 baht per month, usable only on the AiPASS application with unlimited data. This creates upside risk to mobile ARPU forecasts over the next 3-5 years. Kasikorn Securities assesses the development as slightly positive for ADVANC and TRUE shares; in the best case both could see revenue rise by 870 million baht, equal to 0.46% of ADVANC's core service revenue and 0.5% of TRUE's. It also sees TRUE as the sector's top pick, recommending TRUE over ADVANC given normalised profit growth trends over the next 4-6 quarters, the chance of a higher dividend payout ratio from the current 79%, and trading at a 23.9% discount to its EV/EBITDA multiple, even though TRUE carries higher debt and a higher beta than ADVANC, as well as uncertainty over China Mobile's sale of TRUE shares.
ADVANC.BK · Demand · Positive ADVANC launched the 29-baht AiPASS package first, which Kasikorn sees as slightly positive with potential revenue upside of 870 million baht (0.46% of core service revenue).
TRUE.BK · Demand · Positive TRUE will launch the 29-baht AiPASS package from 1 October 2026, seen as slightly positive with potential revenue upside of 870 million baht (0.5% of revenue) and named sector top pick.
National Telecom Public Company Limited · Demand · Neutral NT is mentioned as planning to launch the AiPASS package from 1 October 2026, but no specific impact assessment is given for NT.
Canada
United States
