View source for Intouch Holdings

{{Short description|Thai holding company}}
{{other uses|In Touch (disambiguation)}}
{{EngvarB|date=February 2017}}
{{Use dmy dates|date=February 2017}}
{{Infobox company 
| name   = Intouch Holdings 
| logo   =  File:Intouch Holdings logo.png
| logo_size = 
| type   = [[Holding company]]<br><small>([[Public limited company|Public]]</small>)
| traded_as      = {{SET|INTUCH}} 
| industry       = [[Technology]] 
| foundation     = {{Start date and age|df=yes|1983|6|21}} 
| location       = [[Chatuchak District|Chatuchak]], [[Bangkok]] 
| founder          = [[Thaksin Shinawatra]]
| key_people     =  Phillip Tan Chen Chong (president) 
| products       =  
| revenue        = {{increase}} 25.26&nbsp;billion [[Thai baht|baht]] {{small|(2014)}} 
| profit         = {{increase}} 14.76&nbsp;billion baht {{small|(2014)}} 
| assets         = {{increase}} 54.69&nbsp;billion baht {{small|(2014)}} 
| parent          = [[Gulf Energy Development]] (42.25%)
| subsid         =  [[Advanced Info Service]] <br> [[Thaicom (company)|Thaicom]] <br> [[ITAS]]<br> [[Intouch Media]]<br> [[ITV (Thailand)|ITV]]<br> Matchbox 
| homepage       = {{URL|intouchcompany.com}}
}}

'''Intouch Holdings PCL''' ({{langx|th|บริษัท อินทัช โฮลดิ้งส์ จำกัด (มหาชน)}}; formerly '''Shin Corporation''') is a Thai [[holding company]] which focuses on the telecommunication industry. It is the [[parent company]] of [[Advanced Info Service]] (AIS), the largest mobile phone operator in Thailand, and [[Thaicom (company)|Thaicom]], Thailand's satellite operator. It is listed in the [[Stock Exchange of Thailand]] and is part of [[SET50]] index.

The company was founded as "Shinawatra Computer Service and Investment" by [[Thaksin Shinawatra]], who later became the [[Prime Minister of Thailand]]. The [[Sale of Shin Corporation to Temasek Holdings|sale of Shinawatra family's stake in Shin Corporation]] to Singapore's [[Temasek Holdings]] in 2006 sparked controversy, which [[2005–06 Thai political crisis|intensified the anti-Thaksin movement]].

Shin Corporation rebranded itself to Intouch in 2011, including its new [[ticker symbol|stock symbol]], but did not officially change its registered name until March 2014.{{Citation needed|date=August 2017}}

== History ==
===The early years, 1983–2006===
The company was founded in 1983 as Shinawatra Computer by [[Thaksin Shinawatra]], future [[Prime Minister of Thailand]]. The company changed its name in 1999, drawing the name "Shin" from the first four letters of Shinawatra's last name.

For its services it received the [[Royal Warrant (Thailand)|Royal Warrant]] on 11 June 2004, which gave it permission to display the royal [[Garuda]] emblem.<ref>{{cite web| url= http://www.shincorp.com/interdb/iNewsE-form.asp?news_no=93&cateid=130&searchField=| title= Shin Corporation celebrates its 21st anniversary with the highest honor from the royal palace| date= 25 June 2004| publisher= Shin Corporation| location= Bangkok| access-date= 13 January 2011| quote= On this auspicious occasion of being granted the Royal Appointment, the Group's board of directors, the management, and staff are overwhelmed by the kindness of His Majesty the King. To express our gratitude to His Majesty, we all vow to devote ourselves wholeheartedly to our jobs, and to operate our business with honesty and loyalty, in order to help develop the country and improve the living standards of the Thai people. (Mr. Bhanapot Damapong, Chairman of the Board of Shin Corporation PCL)| archive-url= https://web.archive.org/web/20110716055216/http://www.shincorp.com/interdb/iNewsE-form.asp?news_no=93&cateid=130&searchField=| archive-date= 16 July 2011| url-status= dead}}</ref>

=== Divestment and transition to InTouch PCL, 2006–2011===
On 23 January 2006, the Shinawatra family sold its 49.6 percent stake in the company to nominees of [[Temasek Holdings]], the Singapore government's investment arm, for US$1.88&nbsp;billion. The [[Sale of Shin Corporation to Temasek Holdings|2006 sale of the Shinawatra family's share]] caused controversy in Thailand. The sale was in response to long-standing criticisms that the Shinawatra family's holdings created a conflict of interest for Thai Prime Minister Thaksin Shinawatra. Critics of the sale focused on allegations directed toward Thaksin and a compliant government that the transaction was exempt from capital gains tax, the fact that the Thai company was sold to a Singaporean company, and the fact that the Thai law regarding foreign investments in the telecom sector had been amended just prior to the sale.

The company is linked by stock control to companies including [[Shin Satellite]] and [[Advanced Info Service]]. It also holds stakes in [[Thai AirAsia]], a consumer finance company, and ITV, a [[Media in Thailand|local television station]].

The company's operations are divided into four lines of business: wireless telecommunications; satellite and international business; media and advertising; E-business.

===InTouch PCL, 2011–present===
On 1 April 2011 the company changed its logo and symbol on [[Stock Exchange of Thailand]] to ({{SET|INTUCH}}).<ref>{{cite news|title=Change of company symbol for "SHIN"|url=https://www.set.or.th/set/companyprofile.do?symbol=intuch|access-date=10 May 2011|publisher=Stock Exchange of Thailand|date=1 April 2011}}</ref> On 5 August 2021 [[Gulf Energy Development]] has made a conditional voluntary tender offer of Intouch Holdings or INTUCH at a price of 65 baht per share. When combined with INTUCH shares that GULF already holds 606,878,314 shares or 18.93% share, Gulf Energy Development becomes INTUCH shareholder totaling 1,354,752,952 shares, becoming the major shareholder with 42.25% of issued and paid-up shares then all.<ref>[https://www.prachachat.net/finance/news-732475 GULF ปิดเกมซื้อ “อินทัช” ขึ้นแท่นผู้ถือหุ้นใหญ่ 42.25% ใช้เงิน 4.86 หมื่น ล.]</ref>

==Wireless telecommunications==

===Advanced Info Services PCL (SET:ADVANC, common name: AIS)===
{{main article|Advanced Info Service}}
Thailand's largest mobile operator, AIS was originally granted a 20-year mobile concession by the [[TOT (Thailand)|Telephone Organization of Thailand (TOT)]] on 27 March 1990. On 26 September 1996, an additional five years were granted whereby extending the concession life to 25 years, expiring in the year 2016. The memorandum of agreements attached thereto is based on the "build-transfer-operate" (BTO) principle. Products: GSM Advanced Evolution (Postpaid, 900&nbsp;MHz), GSM 1800 (Postpaid, 1800&nbsp;MHz), One-2-Call (Prepaid, 900&nbsp;MHz), Swasdee (Prepaid, 900&nbsp;MHz) and Mobilelife (mobile content services)

==Satellite and international business==
<!-- Image with inadequate rationale removed: [[Image:Button sattel Rollover.gif|thumb|Logo of Shin Satellite PCL.]] -->

===Thaicom PCL===
{{main article|Thaicom (Company)}}
'''Thaicom''' ({{SET|THCOM}}) was originally called Shinawatra Satellite. It was founded in 1991 after it was granted a license from Thailand's Ministry of Transport and Communications permitting it to launch and operate [[satellite]]s. It was the first company in Thailand to be allowed to do this, and the first privately owned satellite company in Asia. [[Bhumibol Adulyadej|King Bhumibol Adulyadej]] provided a name for the satellite series name, "[[Thaicom]]" (it comes from "Thai Communications"), symbolising the link between Thailand and modern communications technology. Shin Satellite has five satellites in geostationary orbit: Thaicom 1, Thaicom 2, Thaicom 3, Thaicom 4 or IPSTAR, and Thaicom 5, with corresponding Thai-based customer service facilities.

==Media and advertising==
<!-- Image with inadequate rationale removed: [[Image:Button itv Rollover.gif|thumb|Logo of ITV PCL.]] -->

===ITV Public Company Limited (SET:ITV)===
{{Main article|ITV (Thailand)}}
Formerly named "Siam Infotainment Company Limited". ITV was granted a 30-year concession by the Office of the Permanent Secretary to the Prime Minister's Office in 1995 to operate a free-to-air television station in the ultra high frequency (UHF) spectrum at 510–790&nbsp;MHz.

===SC Matchbox Company Limited (SMB)===
Established in April 1991, SMB is an advertising agency.

==E-business and others==
===IT Applications and Services Company Limited (ITAS)===
ITAS was first established in January 2000 to provide application services for SHIN and its subsidiaries. After certifying as SAP National Implementation Partner, ITAS has offered its services to external customers and from then on ITAS has added more to its E-business products and services.

===Teleinfo Media Company Limited (TMC)===
Formerly known as "Shinawatra Directories Co., Ltd.", TMC is the only printer and publisher of both "white pages" and "[[Yellow Pages]]" telephone directories in Thailand.

===AD Venture Company Limited (ADV)===
ADV engages in developing Internet-related services, such as Internet service via mobile phones, satellites, and digital TV.

===Shineedotcom Company Limited (Shinee)===
Shinee is a service provider of content and application development for wireless communications.

===Merry International Investment Corporation (MERRY STAKE)===
MERRY is a holding company, registered in the Republic of Mauritius with registered capital of US$100,000, with a paid-up capital of US$1.{{Citation needed|date=August 2017}}

===Capital OK Company Limited===
Capital OK provides financial services such as personal loan, credit cards, and digital cash card via its subsidiary, Payment Solution Company Limited.

===Thai AirAsia Company Limited===
{{main article|Thai Air Asia}}
Shin Corporation holds a 49 percent share in a company called [[Asia Aviation]], which in turn holds a 50 percent stake in the low-cost airline [[Thai AirAsia]], a joint venture with [[AirAsia Berhad]] from Malaysia.

==Lawsuit==
On 16 July 2003, the ''[[Thai Post]]'' published comments from media rights advocate [[Supinya Klangnarong]], who said that the Shin Corporation, at the time majority owned by the family of Thai Prime Minister Thaksin Shinawatra, had benefited because of favourable policies by the Thaksin government. Shin Corporation sued for libel in criminal court and sought 400 million baht in compensation in a civil lawsuit. Supinya and the ''Thai Post'' were named as co-defendants. After the [[Thaksin Shinawatra $1.88 billion deal controversy|Thaksin family sold its shares]] in Shin Corp to Singapore's [[Temasek Holdings]], the company offered to drop the lawsuit on the condition that Supinya apologise for her comments. Supinya refused the offer.

On 14 March 2006, the Criminal Court threw out the criminal lawsuit, saying the article in the ''Thai Post'' was presented in good faith and in the public's best interest. On 8 May 2006, Shin Corp. asked that the civil lawsuit be withdrawn. Neither Supinya nor ''Thai Post'' had any objections, so the court withdrew the civil suit.

== Company logo ==
<gallery>
File:Button shin Rollover.png|Previous Logo
File:INTOUCH logo.gif|Current Logo, changed on 
{{date|2011-04-01}}
</gallery>

==See also==
*[[Sale of Shin Corporation to Temasek Holdings|2006 sale of the Shinawatra family's share]]

== References ==
{{reflist|30em|refs=}}

== External links ==
* {{Official website|http://www.intouchcompany.com}}
* [https://web.archive.org/web/20080513061256/http://www.shincorp.com/ Shin Corporation Website]
* [http://www.thaicom.net/ Shin Satellite website]

{{Thaksin Shinawatra}}

[[Category:Intouch Holdings| ]]
[[Category:Companies based in Bangkok]]
[[Category:Temasek Holdings]]
[[Category:Thai Royal Warrant holders]]
[[Category:Holding companies established in 1983]]
[[Category:Companies listed on the Stock Exchange of Thailand]]
[[Category:Companies in the SET50]]
[[Category:Thai companies established in 1983]]
[[Category:Thaksin Shinawatra]]