Page 30 - True Corp News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Major Thai telecoms companies DTAC and True Corp. plan to merge to pursue opportunities in the tech sector, their parent companies said Monday.

While the surging valuations may be alluring, the groups face some risks as they embrace the tech strategy. 

Some of Southeast Asia’s old-money tycoons are boosting investment in technology startups, looking to ride a wave of surging valuations as they seek to counter the fallout of the pandemic on businesses ranging from retail to hospitality and manufacturing.

True Move H Universal Communication (TUC), a major mobile service operator under True Corp, has partnered with China-based cloud tech provider Bifrost Cloud to provide cloud gaming services through Netboom as part of the carrier's move to cash in on the burgeoning online gaming market.

The government's approval of a draft ministerial regulation that allows the use of personal cars for ride-hailing taxi services via apps has highlighted the country's readiness for the sharing economy as the move is expected to trigger investment and competition in the segment.