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- Intouch
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
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Jun 2022 | Secondary | $6.3B |
| Aug 2019 | Secondary | $6.4B |
| Aug 2016 | Secondary | $5.5B |
Intouch Funding History
Intouch has 3 recorded secondary share sales and no primary funding rounds.
| Date | Stage | Investors | Valuation | Deal Summary |
|---|---|---|---|---|
| Jun 2022 | Secondary | Singtel | $6.3B | Singtel 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 2019 | Secondary | - | $6.4B | Two 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 2016 | Secondary | Singtel | $5.5B | Singtel 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 Intouch investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialIntouch Competitors
Intouch competitors include listed companies like SpaceX, China Satellite, Globalstar and EchoStar, and private ones like ICEYE and Yuanxin Satellite.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $19B | $3.9B | $1.8T | - | ||
| Publicly listed | $397M | $265M | $14B | - | ||
| Publicly listed | $273M | $126M | $11B | 39.1x | ||
| Publicly listed | $15B | ($16B) | $28B | 1.8x | ||
| Private | $289M | $115M | $12B | 40.3x | ||
| Private | - | - | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $19B | $3.9B | 94.9x | - | 450.5x | - | |||
| $158B | $55B | 1.2x | 1.3x | 3.6x | 3.9x | |||
| $138B | $47B | 2.7x | 2.7x | 7.9x | 7.1x | |||
| $88B | $32B | 3.2x | 3.0x | 9.0x | 7.7x | |||
| $126B | $55B | 2.6x | 2.6x | 6.1x | 6.9x | |||
| $22B | $12B | 7.0x | 6.4x | 12.9x | 11.3x | |||
| $133B | $55B | 2.4x | 2.3x | 5.9x | 5.8x | |||
| $49B | $6.5B | 5.7x | 5.4x | 43.2x | 7.5x | |||
This data is available for Pro users. Sign up to see all Intouch competitors and their valuation data. Start Free Trial | ||||||||
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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