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NBTC urged to accelerate consideration of True-DTAC merger plan

NBTC urged to accelerate consideration of True-DTAC merger plan

13 Sept 13:21 Key points summarised by AI
  • Thailand's Charoen Pokphand Group (CP) and Norway's Telenor are pressuring the NBTC to swiftly issue conditions for their subsidiaries' (True Corp and DTAC) planned merger.
  • CP and Telenor assert the NBTC has regulatory authority over the merged entity but no power to approve or reject the merger itself.
  • CP Chief Executive Suphachai Chearavanont argues the merger will not lead to a mobile service monopoly, citing a combined market share below 48% and high customer churn.
  • The companies aim to proceed with a share swap in August, as planned since the January submission, to maintain shareholder and stock market confidence.
  • Despite the urgency, three of the four NBTC panels studying the merger are reportedly in disagreement with the plan.
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