News Detail

Date/Time
15 May 2020 20:19:00
Headline
Details of Asset
Symbol
DIF
Source
DIF
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JorTor 11- 630133                                    May 15, 2020

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 which have been appraised as of March 31, 2020 as follows:
Fund    Total Asset
(THB)    Net Asset Value
(THB)    Net Asset Value per unit (THB)
Digital Telecommunications Infrastructure 
Fund    225,363,760,640.10    172,137,263,741.70    16.1910
Appraisal/Reviewed appraisal of the Initial Assets and the Additional Investment
 No. 1
Company    Type
    Appraised/ Reviewed appraised Value
(THB million)    Appraiser    Valuation/   Revaluation Date    Valuation/ Revaluation 
Period    Appraisal/ Reviewed appraised Method
BFKT (Thailand) Limited ("BFKT")    The right to the net revenues from 
telecommunications towers    4,841    Silom Advisory Company Limited    December 31,
2019    January 1, 2020 - 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 
    22,133                
Asia Wireless Communication Company Limited ("AWC")    The right to the net 
revenues from telecommunications towers    14,929                
    The right to the net revenues from telecommunications towers                 
(the Additional Investment No. 1)    1,252                
    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)    10,605                
True Corporate Public Company Limited ("TRUE")    The ownership of 6,000 
telecommunications towers and other related passive telecommunications
infrastructure for mobile telecommunications services     28,098                
True Internet Corporation Company Limited
("TICC")    The ownership of a core fiber optic cable grid and related transmission
 equipment and an upcountry broadband system    27,124                
Total    108,982    



Appraisal/Reviewed appraisal of the Telecom Infrastructure Assets for Additional
 Investment No. 2
Company    Type    Appraised/ Reviewed appraised Value
(THB million)    Appraiser    Valuation/   Revaluation Date    Valuation/ Revaluation 
Period    Appraisal/ Reviewed appraised Method
Asia Wireless Communication Company Limited ("AWC")    The right to the net 
revenues from telecommunications towers    
556    







Silom Advisory
Company Limited    







December 31, 2019    January 1, 2020 - 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    
1,032                
    The ownership in fiber optic cables
currently used for provision of mobile services in provincial areas    
2,798                
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    
5,515                
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    
3,691                
Total    
13,591    

Appraisal/Reviewed appraisal of the Telecom Infrastructure Assets for Additional
 Investment No. 3

Company    Type    Appraised/ Reviewed appraised Value
(THB million)    Appraiser    Valuation/   Revaluation Date    Valuation/ Revaluation 
Period    Appraisal/ Reviewed appraised 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    8,941    Silom Advisory
Company Limited    December 31, 2019    January 1, 2020 - September
15, 2033 for towers and September 15, 2043 for FOC              with terminal 
value    Income Approach according to the Fund's structure
    The ownership in fiber optic cables
currently used for provision of mobile services in provincial areas    9,861                
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    5,491                
    The ownership in fiber optic cables (FTTx)
currently used for provision of internet and broadband internet services in 
provincial areas    8,745                

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    25,803                
Total    58,842                

Appraisal/Reviewed appraisal of the Telecom Infrastructure Assets for Additional
 Investment No. 4
Company    Type    Appraised/ Reviewed appraised Value
(THB million)    Appraiser    Valuation/   Revaluation Date    Valuation/ Revaluation 
Period    Appraisal/ Reviewed appraised Method
True Move H Universal Communication Company Limited ("TUC")    The ownership of 788
telecommunications towers and other related passive telecommunications
infrastructure for mobile telecommunications services    2,695    Silom Advisory
Company Limited    December 31, 2019    January 1, 2020 - September
15, 2033 for towers and September 15, 2043 for FOC              with terminal 
value    Income Approach according to the Fund's structure
    The ownership in fiber optic cables
currently used for provision of mobile services in provincial areas    4,765                
Real Move Company Limited
("RMV")    The ownership in fiber optic cables (FTTx)
currently used for provision of internet and broadband internet services in 
Bangkok Metropolitan Area and Vicinity areas and Upcountry areas    3,563                

True Internet Corporation Company Limited ("TICC")    The ownership in fiber optic 
cables (FTTx)
currently used for provision of internet and broadband internet services in 
Upcountry areas    4,830                

Total    15,853                

**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 Director,
Property and Infrastructure Investment Group
______________________________________________________________________
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