INFORMATION AND COMMUNICATION NETWORKS PUBLIC COMPANY LIMITED

Established in September 2007

Information and Communication Networks Public Company Limited (“ICN”)

is one of Thailand’s leading Telecommunication Systems Integrator. ICN was launched by the group of telecom veterans who have decades of experience in Thailand telecommunication arena, to provide quality solutions for the increasing demand of telecommunication services in Thailand. ICN has strong partnership with world class telecommunication suppliers, for local supply and services.

ICN has been recognized as Thailand’s leading telecommunication system integrator. ICN specializes in providing excellent products and services related to the design and installation of telecommunication systems, empowered by extensive knowledge and professional expertise of executives and employees. ICN has also expanded its business line to the design and installation of construction and electrical systems, together with the distribution of supplies and maintenance services.

Significant Business Development

Our significant business development can be explained below :

Year 2007

Registered as “JRW Network Solutions Company Limited”, with an initial registered capital of 20 million Baht.

Year 2009

Changed the Company’s name from “JRW Network Solutions Company Limited” to “Information and Communication Networks Company Limited”.

YEAR 2012

Increased the registered capital by 30 million Baht from the amount of 20 million Baht, coming to a total of 50 million Baht, with the issuance of 3,000,000 new common shares valued at 10 Baht per share for the Company’s working capital.

YEAR 2014

Increased the registered capital by 65 million Baht from the amount of 50 million Baht, coming to a total of 115 million Baht, with the issuance of 6,500,000 new common shares valued at 10 Baht per share for the Company’s working capital.

Appointed as an authorized reseller to be responsible for the distribution of telecommunication products and services under the Alcatel-Lucent brand provided by Alcatel-Lucent (Thailand) Company Limited.

Appointed as an authorized reseller to be responsible for the distribution of telecommunication products and services under the Coriant brand provided by Coriant GmbH from Germany.

Started the business model as a main contractor to proceed with the design and installation of the integrated telecommunication system for CAT Telecom Public Company Limited and TOT Public Company Limited.

Started a new business line in distributing telecommunication equipment as well as providing maintenance services for telecommunication systems.

YEAR 2015

Appointed as an authorized channel partner to be responsible for the distribution of telecommunication products and services under the Huawei brand provided by Huawei International Private Company Limited from Singapore.

YEAR 2016

Appointed as an authorized partner to be responsible for the distribution of telecommunication products and services under the Nokia brand provided by Nokia Solution and Networks (Thailand) Company Limited.

Appointed as a value added reseller to be responsible for the distribution of telecommunication products and services under the Oscilloquartz brand provided by Oscilloquartz SA from Switzerland.

Appointed as a value added reseller to be responsible for the distribution of hardware and software products under the Gemalto brand provided by Gemalto (Thailand) Ltd.

Started a new business line in the construction and design of electrical systems, with the establishment of modern data centers for renowned telecommunication providers in Thailand.

YEAR 2017

The Annual General Meeting of Shareholders 2017 on April 18, 2017 approved the following resolutions :

Transformed into a public company. Revised the value of common share from 10 Baht to 0.50 Baht per share. Increased the registered capital by 110 million Baht from the amount of 115 million Baht, coming to a total of 225 million Baht, with the issuance of 220,000,000 new common shares valued at 0.50 Baht per share to be allocated as follows :

100,000,000 of newly issued ordinary shares to be allocated to original shareholders, resulting in the Company’s paid-up capital of 165 million Baht.
108,000,000 of newly issued ordinary shares to be allocated to the public.
12,000,000 of newly issued ordinary shares to be allocated to the Company’s Board of Directors, executives, and employees at the similar price offering to the public.

The Company was listed on the Thai Market for Alternative Investment (MAI) on September 15, 2017.

Introduced the Initial Public Offering (IPO), totaling 120,000,000 shares valued at 1.84 Baht per share.

Appointed as value added reseller to be responsible for the distribution of products, software, documentation and services provided by ZTE (Thailand) Co., Ltd.

Appointed as value added reseller to be responsible for the distribution of products, software and services under the HP brand provided by HP Inc (Thailand) Ltd.

YEAR 2018

Appointed as an authorized reseller to be responsible for the distribution of software under the IBM brand provided by IBM Singapore Pte Ltd.

Appointed as an authorized reseller to be responsible for the distribution of software under the Oracle brand provided by Oracle Corporation.

Appointed as an authorized reseller to be responsible for the distribution of software under HPE brand provided by Hewlett Packard Enterprise.

Awarded the letter of intent for High-Speed Internet Service Project in Remote Area (Zone C) Group 5 Northeast 3 Region from CAT who entered into the bidding of the NBTC, with a total project value of 2,426 Million Baht under the name of "IR Consortium".

YEAR 2019

ICN purchased 102,000 ordinary shares of Expert Engineering and Communication Co., Ltd. (EEC) or 51% of the total shares with the total value of 35.7 Million Baht with effective from 2 January 2019. EEC operates telecommunication and technology systems such as water resources management, data measurement and remote control systems, etc.

Office of The National Broadcasting and Telecommunications Commission (NBTC) approved licensing of Internet Service type 1 to ICN

YEAR 2020

ICN under the TKI Consortium are trusted by CAT Telecom to install the 850 MHz signal filter circuit with a total project value of 1,844 million baht. ICN accounted for 49% of the project value.

Board of Directors have appointed Mr. Pornchai Kraivichian to be the Chief Executive Officer and Mr. Monchai Manepairoj is still the Chairman of the Executive Committee, effective from 1 December 2020 onwards

YEAR 2021

ICN received the contract for expanding the capacity of the DWDM linkage system in the Backhaul section and expanding the capacity of the DWDM linkage system in the Border section from CAT Telecom Plc., the total value of the project was 444.48 million baht.

The Extraordinary General Meeting of Shareholders No.1/2021 has resolved to approve the issuance of Warrants to Purchase Ordinary Shares of Information and Communication Networks Public Company Limited No.1(“ICN-W1”) for the amount not exceeding 225,000,000 units to the existing shareholders of the Company at no cost, and at the ratio of 2 existing ordinary shares to 1 unit of the Warrants (any fraction shall be discarded). The Warrant will expire in 2 years. The Meeting also approved the increase of the Company’s registered capital not more than 112,500,000 baht from the original registered capital of 225,000,000 baht to a registered capital of 337,500,000 baht, to be in line with the issuance of Warrants to Purchase Ordinary Shares.

YEAR 2022

The Company in the name of “IN Joint Venture”, signed a contract with National Telecom Public Company Limited (NT), which consists of Contracts for equipment maintenance in the project of mobile phone signal and high-speed internet service networks in the marginal area (Zone C+), Group 1 (North 1), Section 2, provision of mobile phone service (Mobile Service) and Group 2 (Northern Region 2) and Group 3 (Northeastern Region) Section 2 Broadband internet Service to provide services to NBTC valued at 78.63 million baht. ICN will implement 71.17% of the project value.

The Company in the name of "ID Joint Venture" signed a contract for the purchase and installation of a telemedicine service system and applications for connecting between patients and doctors with online simulation learning media of the Faculty of Medicine, Chiang Mai University, total value 69.77 million baht.

The Company has signed a contract to design, supply and install IP Access Network equipment turnkey project in the Northeastern region of Provincial Electricity Authority (PEA), total work value is 64.553 million baht.

The Company has participated in Thai Private Sector Collective Action against Corruption (CAC) to express the standpoint in focusing on the anti-corruption and supporting the Company’s employees in all levels to have consciousness against the corruption in all forms.

Outstanding projects and event of the company in 2023 such as

The Company and Silverlake Axis Ltd. on behalf of SSI Consortium signed contract to develop the working systems that respond to EXIM Thailand strategy in becoming a Digital Banking. The total value of the project is 447,335,000 baht (VAT included), of which ICN has a 55.71%

The Company signed contract for The Sustainable Digital Community Ecosystem Development project of Office of the National Digital Economy and Society Commission (ONDE) with total value 1.34 billion baht. This project consists of Activity 1: to provide public internet service centers (Community digital centers) 1,722 centers and Group 2 Equipment rental and staffing at 454 community digital centers.

The Company and Turnkey Communication Services Public Company Limited on behalf of TKI Consortium signed contract the 4G and 5G network equipment purchasing project on a 700 MHz spectrum of National Telecom Public Company Limited (NT), with the total project value 681,804,000.00 baht (incl. VAT), of which ICN has a 40%.

The Company submitted a request to transfer listed securities from the Market for Alternative Investment (mai) to trading on the Stock Exchange of Thailand (SET) on 18 October 2023

The Company achieves good corporate governance assessment score according to the Corporate Governance Report of listed companies for the year 2023 (CGR 2023), at the level of “Excellent” or 5 stars of Thai Institute of Directors Association (IOD) in collaboration with the Stock Exchange of Thailand (SET). This reflects the Company's business operations under the principles of corporate governance, considering the importance of continuously developing good corporate governance along with conducting business in order for the organization to develop and grow sustainably included taking into account the interests of all stakeholder groups.