News Detail

Date/Time
13 Feb 2019 18:07:00
Headline
Details of Asset
Symbol
DIF
Source
DIF
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JorTor 11- 620040                                    Feb 13, 2019

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 December 31, 2018 as follows:
Fund    Total Asset
(THB)    Net Asset Value
(THB)    Net Asset Value per unit (THB)
Digital Telecommunications Infrastructure 
Fund    182,273,327,939.84    146,069,589,083.42    15.1556

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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