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NBTC board may rule on True-DTAC merger plan on Oct 12th

14 Sept 05:14 Key points summarised by AI

Thailand's National Broadcasting and Telecommunications Commission (NBTC) board is scheduled to make a decision on the True-DTAC merger plan on October 12th.
The Thailand Consumer Council (TCC) strongly opposes the merger, citing concerns over market control and unfair competition, and threatens legal action if the plan is endorsed.
The proposed merger would create an entity with a 52% market share, exceeding Advanced Info Services (AIS)'s 44%, raising questions about market dominance.
The TCC also calls for a public hearing to gauge public opinion and expresses doubts about the independence of Finansa as an advisor for the merger.

Yesterday 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.