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AIS to acquire stakes in two internet service providers

AIS to acquire stakes in two internet service providers

13 Sept 13:02 Key points summarised by AI
  • AIS commits 32.4 billion baht to acquire Triple T Broadband (TTTBB) and a 19% stake in Jasmine Broadband Internet Infrastructure Fund (JASIF) through its subsidiary, AWN.
  • This strategic investment aims to significantly expand AIS's home internet service offerings, particularly in rural areas, and enhance its position as a comprehensive digital technology provider.
  • The acquisition will boost AIS's internet customer base to 5.5 million, surpassing rivals like True Online, and strategically counters the impending merger between True Corporation and DTAC.
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