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Advanced Info Service

Advanced Info Service
Public
Traded as ADVANC
Industry Telecommunications
Founded April 24, 1986; 30 years ago (April 24, 1986)
Founder Thaksin Shinawatra
Headquarters 414 Intouch Tower Phaholyothin Road, Samsen Nai, Phayathai, Bangkok, Thailand
Area served
Thailand
Products Mobile
Services Mobile telephony, Internet
Revenue DecreaseTH฿ 152.71 billion (2016)
Profit Decrease TH฿ 30.66 billion (2016)
Total assets Increase TH฿ 275.67 billion (2016)
Total equity Decrease TH฿ 42.56 billion (2016)
Number of employees
10,586+ (2013)
Parent Intouch Holdings
Website www.ais.co.th

Advanced Info Service Public Company Limited is Thailand's largest GSM mobile phone operator with 39.87 million customers as of Q3 2016. Founded in April 1986, AIS started off as a computer rental business. In October 1990, it launched analog 900 MHz mobile phone services with a 20-year monopoly concession from the Telephone Organization of Thailand, and later became the first company allowed to operate on the GSM 900 frequency. Followed by acquiring Shinawatra Paging in June 1992.

The highly profitable company is controlled by the Intouch plc (formerly Shin Corporation), headed by Temasek Holdings, a Singapore government owned agency. AIS is listed on the Stock Exchange of Thailand on 5 November 1991 (1991-11-05). As of 23 December 2011, InTouch plc holds 40.45% of the total shares of the company and Singapore Telecommunications (also majority held by Temasek together) together with Thai Trust Fund and OCBC Nominees holds a 23.32% stake.

Temasek bought AIS brand through the 2006 acquisition of the Shin Corporation from the ousted former Prime Minister Thaksin Shinawatra.

In February 2014, in a conflict between the People's Democratic Reform Committee (PRDC) and Shinawatra, the PDRC called for a boycott of AIS, wrongly believing it to be owned by the Shinawatra family.

mPay, a subsidiary of the Advanced Info Service, is a payment processor and one of Thailand's 3 major payment service providers. Its partners include CIMB and 2C2P.


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