All In FutureTech Alliance

Legacy AIFA has minimal pricing leverage: ticketing, F&B, and sponsorships are price‑takers with low margins and high cyclicality.

If HyalRoute closes, wholesale fiber pricing is typically contracted and can exhibit resilient unit economics, though subject to competition and regulatory oversight; claimed ASEAN backbone coverage and long‑haul/subsea capacity could support stable, mid‑teens to high‑teens EBITDA margins, but these are not yet reported by AIFA.

Until closing, realized pricing power is weak.