Intouch Valuation, Funding & Investors

Intouch is valued at $6.3B as of June 2022.

Last Intouch valuation

$6.3B

Secondary · Jun 2022

Key investors in Intouch

Intouch Overview

About Intouch

Intouch is a Thai holding company focused on telecommunications and headquartered in Bangkok. It was founded in 1983 as Shinawatra Computer Service and Investment by Thaksin Shinawatra, who later became prime minister of Thailand, and it was known as Shin Corporation until it rebranded as Intouch in 2011. Its principal holdings were Advanced Info Service, the largest mobile phone operator in Thailand, and Thaicom, the Thai satellite operator, together with smaller media and services interests. It was listed on the Stock Exchange of Thailand and was part of the SET50 index. The sale of the founding family's stake to Temasek and its partners in 2006 became a prominent political controversy. Gulf Energy Development became its largest shareholder in 2021 and amalgamated with it in 2025.


Founded

1983

HQ

ThailandBangkok

Status

Publicly listed

Customer focus

B2B

Revenue model

Investment management

Valuation

$6.3B (Jun 2022)

Intouch Valuation

Intouch is currently valued at $6.3B, based on its secondary sale in June 2022. Read the announcement ↗

The round included Singtel.

Intouch's valuation has grown 1.1x from $5.5B at its secondary sale in August 2016 to $6.3B in June 2022, across 3 priced rounds.

Intouch valuation by funding round

Intouch valuation by funding round
DateStageValuation
Jun 2022Secondary$6.3B
Aug 2019Secondary$6.4B
Aug 2016Secondary$5.5B

Intouch Funding History

Intouch has 3 recorded secondary share sales and no primary funding rounds.

Intouch funding rounds
DateStageInvestorsValuationDeal Summary
Jun 2022SecondarySingtel$6.3BSingtel announced on 16 June 2022 that its wholly owned subsidiary Singtel Global Investment would raise its stake in Intouch Holdings from 21.21 percent to 24.99 percent by acquiring about 121 million shares from Temasek's Anderton Investments for SGD 330 million, an additional 3.78 percent. Singtel said the purchase reinforced its commitment to the Thai market, where it had invested for more than two decades, and cited the strong performance of Intouch's mobile subsidiary Advanced Info Service. Singtel's chief executive described it as part of recycling capital to invest for growth and shareholder returns. Anderton Investments had also been one of the sellers in the August 2019 block trade of Intouch shares. Intouch is the Bangkok-based Thai holding company formerly named Shin Corporation, with Advanced Info Service and Thaicom as its principal holdings.
Aug 2019Secondary-$6.4BTwo units of Temasek, Aspen Holdings and Anderton Investments, launched an overnight block trade on 14 August 2019 to sell 8.02 percent of Intouch Holdings, valued at THB 15.6 billion or about SGD 700.6 million, according to a term sheet reported by Reuters. The shares were offered to investors in the market and the buyers were not named. Aspen and Anderton were the Temasek vehicles that had acquired the Shinawatra and Damapong families' stake in what was then Shin Corporation in 2006. After the block trade Singtel, which owned about 21 percent of Intouch, remained one of its two largest shareholders. Intouch is the Bangkok-based Thai holding company formerly named Shin Corporation, whose principal holdings are the mobile operator Advanced Info Service and the satellite operator Thaicom.
Aug 2016SecondarySingtel$5.5BSingtel announced in August 2016 that it would acquire a 21 percent stake in Intouch Holdings for SGD 1.58 billion, about USD 1.18 billion, buying the shares from wholly owned subsidiaries of Temasek, the Singapore state investment company that is Singtel's controlling shareholder. The announcement also covered an increase in Singtel's holding in India's Bharti Telecom. Singtel said the investments would let it take advantage of faster growth in emerging markets, and group chief executive Chua Sock Koong pointed to the young populations of those countries. Intouch chief executive Philip Chen Chong Tan said Intouch had not received any formal information about the deal from its major shareholder. Intouch is the Bangkok-based Thai holding company formerly named Shin Corporation, founded in 1983, and at the time it owned 40.45 percent of the mobile operator Advanced Info Service and 41.14 percent of the satellite operator Thaicom.

Who has invested in Intouch?

1 investor has backed Intouch across its funding rounds, including Singtel.


Intouch Investors

Investors in Intouch by funding rounds participated
InvestorHQRoundsRoleFirst check

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Intouch Competitors

Intouch competitors include listed companies like SpaceX, China Satellite, Globalstar and EchoStar, and private ones like ICEYE and Yuanxin Satellite.

Public and private companies comparable to Intouch
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SpaceXUnited StatesUnited StatesPublicly listed$19B$3.9B$1.8T-
China SatelliteChinaChinaPublicly listed$397M$265M$14B-
GlobalstarUnited StatesUnited StatesPublicly listed$273M$126M$11B39.1x
EchoStarUnited StatesUnited StatesPublicly listed$15B($16B)$28B1.8x
ICEYEFinlandEspooPrivate$289M$115M$12B40.3x
Yuanxin SatelliteChinaShanghaiPrivate--$7.4B-

Intouch Public Comps

Intouch is still privately-owned, but its public comps include SpaceX, China Mobile, Verizon, T-Mobile US, AT&T, Bharti Airtel, Deutsche Telekom, SoftBank Group, China Telecom and Comcast.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
SpaceX$19B$3.9B94.9x-450.5x-
China Mobile$158B$55B1.2x1.3x3.6x3.9x
Verizon$138B$47B2.7x2.7x7.9x7.1x
T-Mobile US$88B$32B3.2x3.0x9.0x7.7x
AT&T$126B$55B2.6x2.6x6.1x6.9x
Bharti Airtel$22B$12B7.0x6.4x12.9x11.3x
Deutsche Telekom$133B$55B2.4x2.3x5.9x5.8x
SoftBank Group$49B$6.5B5.7x5.4x43.2x7.5x

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Common questions about Intouch

When was Intouch founded?Intouch was founded in 1983.
Where is Intouch headquartered?Intouch is headquartered in Bangkok, Thailand.
Is Intouch publicly listed?Yes, Intouch is a public company.
What is Intouch's valuation?Intouch was last valued at $6.3B in its secondary sale in June 2022.
Who are Intouch's investors?Intouch's investors include Singtel.
Which companies are comparable to Intouch?Companies comparable to Intouch include SpaceX, China Satellite, Globalstar, EchoStar, ICEYE and Yuanxin Satellite.

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