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Shares of True Corporation Plc, the new entity created through the merger of the country’s second- and third-biggest telecom operators, rose slightly on their trading debut on Friday on the Stock Exchange of Thailand.
Amazon becomes a key investor in Thailand through Seattle based internet service provider AWS which has unveiled a $5 billion investment.
Thailand's telecoms regulator has agreed to allow a merger between the country's two main phone carriers in a decision that raises worries over whether reduced competition will harm consumer interests. The $7.3 billion deal will merge True Corp. and smaller DTAC, a subsidiary of Norway's Telenor Group. It will give the new entity, to be called NewCo, 51 million subscribers. The next largest telecoms carrier, AIS, or Advanced Info Service, has 44 million subscribers. The regulatory go-ahead resulted from a 3-2 vote in favor, reports by analysts and media said. Critics of the deal...
BANGKOK (AP) — Thailand’s telecoms regulator has agreed to allow a merger between the country’s two main phone carriers in a decision that raises worries over whether reduced competition will harm consumer interests.
Thailand's telecoms regulator has agreed to allow a merger between the country's two main phone carriers in a decision that raises worries over whether reduced competition will harm consumer interests