TRUE REPORTS IMPROVED THIRD-QUARTER PERFORMANCE True Corporation PLC (SET: TRUE) has delivered improved quarterly results, its status as Thailands only fully integrated telecom player helping the company weather current economic conditions. TrueVisions and TrueOnline performed well in Q3, driving group revenues higher. TrueMove revenue declines eased while net adds rose strongly and measures to reduce net IC impact began to show results.
Recapitalization to strengthen balance sheet andprepare for 3G implementation True Corporation PLC (SET: TRUE) today announced plans for a recapitalization in order to strengthen its balance sheet and pursue future growth opportunities. The recapitalization, by way of a rights offering, will see up to 10,000 million (ten billion) shares offered at Bt 1.95 in either a single or multiple tranches