Following Friday’s announcement from two of the most important cell phone community service providers in Thailand, DTAC and True, on their plans to merge operations, the National Broadcasting and Telecommunications Commission is calling on the businesses to debate the enterprise plans which might likely change the telecom industry and dominate the market.
DTAC’s parent firm, Norway’s Telenor group, is meeting with True’s parent firm, Charoen Pokphand Group, to debate plans to merge the two subsidiaries.
The telecom regulators will meet with DTAC representatives at present, and with True officials tomorrow, a supply told the Bangkok Post. The two mobile firms will have to notify the NBTC 90 days earlier than their merger is agreed, according to Thailand’s rules and regulations.
In a statement to the media, Telenor said…
“There are still unresolved issues, and there is no assure that the conversations will lead to a last settlement.”
True’s chief monetary officer, Yupa Leewongcharoen, informed the Stock Exchange of Thailand, or SET, that if any clarification is required, the corporate will notify the SET.
According to Refinitiv Eikon statistics, DTAC is price roughly US$3 billion (about ninety eight billion baht) and True is value around US$4.5 billion. While True has 32 million complete cellular subscribers, DTAC has 19.3 million. ผลไม้ของฝาก , Advanced Info Service, known as AIS, has forty three.7 million subscribers, making it Thailand’s largest cellular operator.
The two corporations are more doubtless to form a three way partnership primarily based on a share swap association 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..