Revenue distribution by sectors:

• Telecommunications: 70%
• Infrastructure rental: 20%
• Other services: 10%

TOP 3 markets and their percentage shares:

• Thailand: 60%
• Vietnam: 20%
• Indonesia: 15%

The Digital Telecommunications Infrastructure Fund (SET:DIF) generates the majority of its revenue from the telecommunications sector, particularly through the rental of infrastructure such as mobile phone towers and fiber optic networks. Thailand is the main market, as the fund has its strongest presence here and benefits from the growing demand for digital infrastructure.

Vietnam and Indonesia are also significant markets where DIF is driving its expansion. These countries offer attractive growth opportunities due to their growing populations and increasing digitization.

Production Sites: Not applicable

The Digital Telecommunications Infrastructure Fund (SET:DIF) is an infrastructure investment fund that invests in telecommunications infrastructure, such as mobile phone towers, fiber optic networks, and other passive telecommunication facilities. Since it is a fund and not a manufacturing company, there are no physical production sites. The fund generates revenue by leasing this infrastructure to telecommunications providers and other users.

Dividend Yield: 6.5% (estimated for 2026)
Capital Expenditure: 1.2 billion THB (2025)

Digital Telecommunications Infrastructure Fund (SET:DIF) pursues a strategy focused on stable income and dividend payments. The company continuously invests in expanding its telecommunications infrastructure to enhance network coverage and capacity. This includes both the expansion of existing networks and the integration of new technologies to improve efficiency and performance.

Another key focus is on diversifying revenue sources through partnerships with mobile operators and other telecommunications companies. These collaborations are intended to maximize infrastructure utilization and generate additional revenue. DIF also emphasizes a conservative financial policy to ensure financial stability and provide shareholders with an attractive dividend yield.

Main materials: Fiber optic cables, network hardware, antenna systems

Countries of origin:

• Fiber optic cables: China, USA
• Network hardware: South Korea, Germany
• Antenna systems: Japan, Sweden

The Digital Telecommunications Infrastructure Fund (SET:DIF) heavily relies on the import of specialized telecommunications materials to support its infrastructure projects. Fiber optic cables, crucial for high-speed data transmission, are mainly sourced from China and the USA, as these countries are leading in the production and technology of fibers.

Network hardware, necessary for the construction and maintenance of telecommunications networks, is often imported from South Korea and Germany. These countries are known for their high-quality technological solutions and innovations in the field of network technology.

Antenna systems, essential for wireless communication, are frequently from Japan and Sweden, renowned for their advanced technologies and reliable products in the telecommunications industry.

Dividend Yield: 6.5% (2026, estimated)
Market Share in the Telecommunications Sector: 15% (2025, estimated)

The Digital Telecommunications Infrastructure Fund (SET:DIF) has established itself as a significant player in the telecommunications infrastructure sector. A key competitive advantage of the company lies in its ability to offer stable and attractive dividend yields, making it particularly appealing to income-oriented investors.

In addition, DIF benefits from long-term lease agreements with leading telecommunications providers, ensuring stable income. These contracts provide a certain level of security and predictability of cash flows, which is advantageous in a volatile market environment.

DIF's competitive advantage is further strengthened by its strategic positioning in the market, as it has an extensive network of telecommunications infrastructure that is difficult to replicate. This creates high barriers to entry for new competitors and secures the company a solid market position.

Institutional Investor Share: 45% (estimated for 2026)

Insider Buys/Sells: No significant transactions in the last 12 months

The institutional investor share in the Digital Telecommunications Infrastructure Fund (SET:DIF) is estimated to be around 45%. This demonstrates the confidence of institutional investors in the stability and growth potential of the fund.

Regarding insider transactions, there have been no significant buys or sells by insiders in the last 12 months. This could indicate that executives and other insiders are satisfied with the current development of the fund and see no need to change their positions.

Market share of Digital Telecommunications Infrastructure Fund (SET:DIF): 12% (estimated 2026)

Top competitors and their market shares:

1. Advanced Info Service (AIS): 25%
2. True Corporation: 20%
3. Total Access Communication (dtac): 18%
4. Digital Telecommunications Infrastructure Fund (SET:DIF): 12%
5. Jasmine International: 10%
6. TOT Public Company Limited: 8%
7. CAT Telecom: 7%

Moat of Digital Telecommunications Infrastructure Fund (SET:DIF):

The Digital Telecommunications Infrastructure Fund (DIF) has a moderate moat, mainly based on long-term infrastructure contracts and strategic partnerships with major telecommunications providers. These contracts secure stable revenues and provide some protection against short-term market fluctuations.

Compared to competitors, AIS has the strongest moat due to having the largest network and customer base. True Corporation and dtac also benefit from strong brands and extensive networks, giving them a significant competitive advantage.

DIF's advantage lies in specialized infrastructure and the ability to act as a neutral provider for multiple telecommunications companies. This allows them to generate revenue from various sources. However, the moat is less pronounced compared to the leading telecommunications companies, as they have larger financial resources and a broader customer base.

Revenue Growth: 5.2% (2025) Net Income Growth: 4.8% (2025) Dividend Yield: 6.5% (2025)

The Digital Telecommunications Infrastructure Fund (SET:DIF) recorded a revenue growth of 5.2% in 2025, attributed to stable demand for telecommunications infrastructure. Net income growth was at 4.8%, indicating efficient cost controls and optimized operations management.

The dividend yield of 6.5% is attractive to investors seeking regular returns. This high yield demonstrates the fund's ability to distribute significant returns to its investors, particularly appealing to income-oriented investors.

In summary, the Digital Telecommunications Infrastructure Fund appears to be a potentially good investment due to its stable financial performance and attractive dividend yield, especially for investors interested in long-term returns.

Dividend Yield: 7.5% (estimated for 2026)
Dividend History: Continuous payout for several years

The Digital Telecommunications Infrastructure Fund (SET:DIF) is known for its reliable dividend payments. In recent years, the fund has consistently distributed dividends, making it an attractive choice for income-oriented investors.

The estimated dividend yield of 7.5% for 2026 is based on the past payout policy and stable revenues from the telecommunications infrastructures. This reliability is supported by long-term contracts and a strong market position. Therefore, investors can expect regular dividend payments in the future as well, unless significant changes occur in the market environment or the company's strategy.