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Companies

Thailand's 5G push weighs on mobile carriers' stocks

Questions linger over whether investments in latest network tech would pay off

A woman checks her phone in the Apple flagship store at Bangkok's Iconsiam shopping mall.   © Reuters

BANGKOK -- Shares in Thai telecom companies are off to a lackluster start this year as the heavy investments needed to roll out faster 5G networks are expected to depress the sector's earnings.

Last week's announcement of a hefty settlement by third-ranked wireless carrier Total Access Communication, known as DTAC, also weighed on stocks, as the nation's top two carriers -- Advanced Info Service or AIS, and True Corp. -- are thought to be embroiled in similar legal cases.

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