True Corp, Dtac merger sees further opposition
Thailand's telecoms regulator threw out internal opposition against its right to approve the merger between True Corp and Dtac.
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Thailand's telecoms regulator threw out internal opposition against its right to approve the merger between True Corp and Dtac.
The planned merger of True Corporation and Total Access Communication has officially been approved by their shareholders.
TOKYO -- The shareholders of True Corp. and Total Access Communication (DTAC), Thailand's second and third mobile telecom operators by subscriber
Despite staunch opposition from some consumer advocates and academics, the planned merger of True Corporation and Total Access Communications (DTAC) is expected to pass through legal and administrative checks as the regulator indicates it has no power to block the deal, only to iron out measures to govern it.
Thai operators True Corp and dtac have pushed ahead with plans to merge into a new entity with a new name to be revealed after securing investor approval next month.