ALT's backlog jumps to 6.9bn baht on hyperscaler and smart-grid deals
Hyperscaler contracts lift backlog to 6.9bn baht ALT signed about 2 billion baht of 20-year network and digital infrastructure lease contracts with global hyperscaler customers in Q3 2026, raising its backlog from 5.115 billion baht to roughly 6.9 billion baht. It is negotiating more deals for Q4. This locks in recurring revenue for years, supporting the share price.
This is the core new event driving ALT's backlog and future revenue.
2bn baht Bangkok-EEC fibre contract signed ALT signed a fibre-optic network project along the Bangkok-EEC route linked to data centers, worth about 2 billion baht, with revenue recognition starting mid-next year. The stock rose 3% on the news. This adds a large, concrete project to its pipeline.
A specific new contract that directly adds to ALT's order book and revenue outlook.
Smart-grid and smart-meter opportunity worth billions Thailand's government is preparing a 10-20 billion baht smart-grid pilot, including replacing millions of household meters with smart meters. ALT is named as a potential beneficiary and is bidding for PEA and MEA smart-grid and AMI work worth several billion baht. This could become a major new revenue stream.
A new government-driven demand source that could significantly expand ALT's addressable market.
Data center and AI demand drives double-digit growth target ALT targets double-digit revenue growth in H2 2026, driven by rising demand for fiber networks and submarine cables from data centers, cloud and AI. It plans to expand cable landing stations and connect to the Eastern Economic Corridor. This trend underpins its long-term growth story.
Explains the broader demand trend behind ALT's contracts and growth targets.