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3BB Internet Infrastructure Fund
It owns fiber-optic cables and rents them to Thai telecom operators, collecting regular rental income.
3BB Internet Infrastructure Fund is a landlord, but not of buildings. It owns the physical fiber-optic cables buried under Thailand and leases them to internet and telecom operators, who use that glass plumbing to carry broadband traffic to homes and businesses. The fund's job is simple: keep the cables available and collect rent.
The setup is a sale-and-leaseback arrangement. The cables originally came from Triple T Broadband, a Thai broadband provider, which sold the assets into the fund and then rented them back. That gave the operator cash upfront while letting investors own the infrastructure and pocket the steady rental payments. For an investor, this is a yield play. The fund distributes most of its rental cash to unitholders, which is why it attracts people hunting for income rather than growth. There's little exciting about leasing cables; the appeal is predictable, contracted cash flow, as long as tenants keep paying. The risks are equally plain. Revenue depends on a small number of telecom tenants, and if one renegotiates, defaults, or builds its own network, the income takes a hit. Fiber assets also age and need maintenance, and there's a limit to how much rent you can squeeze from a cable. It's a bond-like business dressed as infrastructure, and it works only while the tenants stay.
The fund was formerly called Jasmine Broadband Internet Infrastructure Fund, a name change that reflects its link to the 3BB brand. It trades on the Stock Exchange of Thailand.
Saved answer · last researched 12 Nov 2026