Telecom regulators to look into the planned merger of DTAC and True

Following Friday’s announcement from two of the largest cell phone network service suppliers in Thailand, DTAC and True, on their plans to merge operations, the National Broadcasting and Telecommunications Commission is asking on the businesses to debate the enterprise plans which might probably change the telecom business and dominate the market.
DTAC’ Copy or father firm, Norway’s Telenor group, is meeting with True’s mother or father company, Charoen Pokphand Group, to discuss plans to merge the 2 subsidiaries.
The telecom regulators will meet with DTAC representatives right now, and with True officials tomorrow, a source told the Bangkok Post. The two cell corporations must notify the NBTC ninety days earlier than their merger is agreed, according to Thailand’s guidelines and laws.
In a press release to the media, Telenor said…

“There are nonetheless unresolved issues, and there’s no assure that the conversations will result in a final agreement.”

True’s chief financial officer, Yupa Leewongcharoen, informed the Stock Exchange of Thailand, or SET, that if any clarification is required, the company will notify the SET.
According to Refinitiv Eikon statistics, DTAC is price roughly US$3 billion (about ninety eight billion baht) and True is price around US$4.5 billion. While True has 32 million whole cellular subscribers, DTAC has 19.3 million. The competitor, Advanced Info Service, generally recognized as AIS, has 43.7 million subscribers, making it Thailand’s largest cell operator.
The two corporations are more probably to kind a three means partnership based mostly on a share swap arrangement as True is owned by CP to the tune of 50% and China Mobile to the tune of 18% and Telenor owns a 65% stake in DTAC..

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