Connect with us


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




MOU signing between DTAC and True | Photo via DTAC

Following Friday’s announcement from two of the largest mobile phone network service providers in Thailand, DTAC and True, on their plans to merge operations, the National Broadcasting and Telecommunications Commission is calling on the companies to discuss the business plans which would likely change the telecom industry and dominate the market.

DTAC’s parent company, Norway’s Telenor group, is meeting with True’s parent company, Charoen Pokphand Group, to discuss plans to merge the two subsidiaries.

The telecom regulators will meet with DTAC representatives today, and with True officials tomorrow, a source told the Bangkok Post. The two mobile companies will have to notify the NBTC 90 days before their merger is agreed, according to Thailand’s rules and regulations.

In a statement to the media, Telenor said…

“There are still unresolved concerns, and there is no guarantee that the conversations will lead to 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 worth roughly US$3 billion (about 98 billion baht) and True is worth around US$4.5 billion. While True has 32 million total mobile subscribers, DTAC has 19.3 million. The competitor, Advanced Info Service, known as AIS, has 43.7 million subscribers, making it Thailand’s largest mobile operator.

The two companies are likely to form a joint venture based 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.

SOURCE: Bangkok Post


Get more from The Thaiger

📱 Download our app on Android or iOS
👋 Have your say on our Thailand forum
🔔 Subscribe to our daily newsletter
📺 Subscribe / Join for daily shows
👍 Like/Follow us on Facebook
🐦 FOLLOW us on Twitter
📷 FOLLOW us on Instagram

If you have story ideas, a restaurant to review, an event to cover or an issue to discuss, contact The Thaiger editorial staff.

Follow Thaiger by email:

Video12 hours ago

The “Dislike: button, Serving alcohol, Thai longtail boats | Thaiger Bites | Ep.75

Coronavirus (Covid-19)12 hours ago

LATEST NEWS: First Omicron case detected in Thailand

Politics14 hours ago

Cambodian PM plans a visit to Myanmar to smooth divisions in ASEAN

Transport14 hours ago

A bird strike may have caused Royal Thai Air Force F-5 fighter jet’s recent crashing

Thailand15 hours ago

Thailand Top Stories | Alcohol situation in Pattaya, Thailand Omicron update | Dec 6

Coronavirus (Covid-19)15 hours ago

First Omicron strain reported in Thailand, Test & Go traveller tests positive

Join the conversation on the Thaiger Talk forums today!
Coronavirus (Covid-19)15 hours ago

Covid UPDATE: Still no Omicron, today’s infections drop to 4,000

Crime16 hours ago

Phuket police arrest 32 after more than 3,500 venue raids since November

Video16 hours ago

Dealign with omicron, Opening the southern border, pen15 park | Good Morning Thailand | Ep.146

Politics16 hours ago

US Republican Party senator Bob Dole passes away at 98

Coronavirus Vaccines16 hours ago

Thailand’s Health Ministry misses Covid-19 vaccination target

Tourism16 hours ago

Germany removes Thailand from its list of high-risk countries

Indonesia17 hours ago

Death toll rises to 14 in volcanic eruption in Indonesia

North East17 hours ago

Police deny detaining or threatening woman who told PM to “retire quickly”

Coronavirus (Covid-19)18 hours ago

CCSA meets today to decide on southern border re-opening

Thailand3 months ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand9 months ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism9 months ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket9 months ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism10 months ago

Phuket Thai food treats you need to try | VIDEO

Thailand10 months ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism10 months ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand11 months ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand11 months ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand11 months ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand11 months ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand11 months ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand11 months ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand11 months ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand11 months ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11