Information and Communication Networks Public Company Limited

Samart Telcoms Public Company Limited, or SAMTEL, disclosed that the SI Consortium, comprising Samart Communication Service Company Limited, a subsidiary 99.99% held by SAMTEL, and Information and Communication Networks Public Company Limited, or ICN, received a letter dated October 6, 2026 from National Telecom Public Company Limited, or NT, to proceed with a contract to expand the capacity of the Backhaul network between Data Centers and submarine cable stations in order to support one international data communication circuit, as previously quoted. The project has a total value of 363.09 million baht including value-added tax, of which ICN holds a 45.41% share of the project, worth 164.87 million baht including value-added tax, while the SAMTEL subsidiary holds 54.59%. In addition, Secure Info Company Limited, or SCI, a subsidiary indirectly held 99.99% by SAMTEL through Samart Comtech Company Limited, signed a purchase agreement for equipment and devices for the project to establish a Cyber Operations Center and a backup data center, the Digital Resilience Center, at the SMART PARK Industrial Estate office, with the Industrial Estate Authority of Thailand on September 29, 2026. The total project value is 146.20 million baht including value-added tax, with delivery scheduled for completion by April 27, 2027, and payment terms divided into five installments based on work progress.

The joint venture SI, or SI CONSORTIUM, comprising Samart Communication Service Company Limited, a subsidiary 99.99% held by SAMART, and Information and Communication Networks Public Company Limited, or ICN, has received a letter from National Telecom Public Company Limited, or NT, dated 6 October 2026, instructing it to proceed with the drafting of a contract to expand the capacity of the Backhaul network between Data Centers and submarine cable stations in order to support one system of international data communication circuits, as quoted by SI CONSORTIUM. The project has a total value of 363.09 million baht, including value-added tax. NT has asked SI CONSORTIUM to submit the relevant supporting documents for the preparation and signing of the contract. The revenue split between SAMART's subsidiary and Information and Communication Networks Public Company Limited stands at 54.59% to 45.41% respectively.

Information and Communication Networks Public Company Limited (ICN) has announced that the company has signed two contracts with the Provincial Electricity Authority (PEA) totaling 102.88 million baht. The first contract is for the procurement and installation of an integrated radio communication system in the central region, with a total project value of 147,349,700.00 baht. The company's share of the project is 50.72%, equivalent to 74,735,767.84 baht, with a completion period of 240 days. The second contract is for the purchase and installation of communication equipment for the Teleprotection system in PEA District 3 (central region), with a total project value of 28,141,000.00 baht and a completion period of 300 days. Revenue from both projects will be recognized gradually within one year.

ICN expects continued growth in the second half of 2026, with a backlog of approximately 1.91 billion baht awaiting revenue recognition, plus new contracts pending signature and bids already submitted worth 300 to 400 million baht. Chief Executive Officer Thammawat Uchuphaiboonwong said the company has work awaiting contract signing with the Provincial Electricity Authority, covering radio communication systems, power supply systems, and installation work. It is also pursuing the USO project, where it expects work valued at 400 to 500 million baht. If secured, this would help drive 2026 results to a new record high, after first-half revenue reached 2.12881 billion baht, up 271.49 percent, and net profit came to 123.76 million baht, up 112.83 percent from the same period last year.