True Move PCL, Thailand’s third largest mobile phone firm, said on Wednesday it planned to sell Apple Inc’s 3G iPhone in Thailand from Jan. 16, a key driver which should boost revenue next year.
The deal will make True Move, a subsidiary of True Corp TRUE.BK, the first operator to sell the new phone in the fast-growing Thai market.
Shares in True Corp TRUE.BK, which owns 75.26 percent of True Move, surged 17 percent to close at a near two-month high of 1.65 baht. The overall Thai market .SETI was down 0.3 percent.
True Move will sell the 8GB model for an upfront payment of 6,999 baht ($202) and monthly fees of 1,199 baht. Customers are required to use True Move services for at least 24 months, it said in a statement.
Thailand’s top mobile phone operator Advanced Info Service (AIS) ADVA.BK has said it was also in talks with Apple about selling the iPhone.
Apple rolled out the iPhone in more than 20 countries in July and the phone was launched in Singapore in August. (Reporting by Khettiya Jittapong; Editing by David Holmes) ($1=34.61 Baht)