News Detail

Date/Time
11 Feb 2021 20:05:00
Headline
Details of Asset
Symbol
DIF
Source
DIF
Full Detailed News
Download Full Detailed News
                


JorTor 11- 640034                                    February 11, 2021

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 December 31, 2020 as follows:
Fund    Total Asset
(THB)    Net Asset Value
(THB)    Net Asset Value per unit (THB)
Digital Telecommunications Infrastructure 
Fund    222,984,479,560.59    174,427,118,655.88    16.4064
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    4,487    JAY CAPITAL Advisory Company Limited    December
31, 2020    According to remark ****    
Income Approach according to the Fund's structure
    The right to the net revenues from fiber optic cable transmission grid 
    22,340                
Asia Wireless Communication Company Limited ("AWC")    The right to the net 
revenues from telecommunications towers    16,029                
    The right to the net revenues from telecommunications towers                 
(the Additional Investment No. 1)    1,275                
    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)    11,636                
True Corporate Public Company Limited ("TRUE")    The ownership of 6,000 
telecommunications towers and other related passive telecommunications
infrastructure for mobile telecommunications services     30,677                
True Internet Corporation Company Limited
("TICC")    The ownership of a core fiber optic cable grid and related transmission
 equipment and an upcountry broadband system    16,293                
Total    102,737    



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    
559    








JAY CAPITAL Advisory Company Limited    








December 31, 2020    According to remark ****    








Income Approach according to the Fund's structure
True Move H Universal Communication Company Limited ("TUC")    The ownership of 350
 telecommunications towers    
1,131                
    The ownership in fiber optic cables
currently used for provision of mobile services in provincial areas    
2,959                
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    
5,842
                
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    
3,901                
Total    
14,392    

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    8,810    

JAY CAPITAL Advisory Company Limited    December 31, 2020    According to remark ****    


Income Approach according to the Fund's structure
    The ownership in fiber optic cables
currently used for provision of mobile services in provincial areas    11,219                
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    5,878                
    The ownership in fiber optic cables (FTTx)
currently used for provision of internet and broadband internet services in 
provincial areas    10,025                

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    28,728                
Total    64,660                

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    2,814    


JAY CAPITAL Advisory Company Limited    
December 31, 2020    
According to remark ****    




Income Approach according to the Fund's structure
    The ownership in fiber optic cables
currently used for provision of mobile services in provincial areas    5,115                
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    3,744                

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    5,070                

Total    16,743                

**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.




**** Valuation/ Revaluation period
(1)    1 January 2021 to 31 December 2034 for towers and FOC under ownership 
structure with terminal value
(2)    1 January 2021 to 15 September 2033 to 31 December 2036 for FOC under 
long-term lease structure for 20 years with terminal value
(3)    1 January 2021 to 31 December 2048 (Additional Investment No.2) and 31 
December 2049 (Additional Investment No.3) for FOC under long - term lease
structure for 30 years with terminal value
(4)    1 January 2021 to 31 December 2026 for towers and FOC under the right to the
 net revenue with terminal value
(5)    1 January 2021 to 31 December 2021 for the FOC transmission and Active 
Equipment.



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
______________________________________________________________________
This announcement was prepared and disseminated by listed company or issuer 
through the electronic system which is provided for the purpose of dissemination
of the information and related documents of listed company or issuer to the
Stock Exchange of Thailand only.  The Stock Exchange of Thailand has   no
responsibility for the correctness and completeness of any statements, figures,
reports or opinions contained in this announcement, and has no liability for any
losses and damages in any cases.  In case you have any inquiries or
clarification regarding this announcement, please directly contact listed
company or issuer who made this announcement.