Thailand's DTAC and True to merge, pursue tech businesses
ABC News
Thailand's DTAC and True Corp. plan a merger that they say will create an “equal partnership" for pursuing opportunities in the tech sector
Major Thai telecoms companies DTAC and True Corp. plan to merge to pursue opportunities in the tech sector, their parent companies said Monday.
Thai National Broadcast reported that regulators were asking the companies for clarification about the plan announced by Norway’s Telenor Group, parent company of DTAC, and Charoen Pokphand (CP) Holding, the parent firm of True.
They notified the Stock Exchange of Thailand that their joint venture, Citrine Global Company, will make an offer for all shares of the two telecom companies.
The new company will be a leading telecommunications service provider able to speed up Thailand’s adoption of digital technology, Telenor said in a statement.
