NBTC “acknowledges” True-DTAC merger, with strings attached

13 Sept 10:46 Key points summarised by AI

Thailand's NBTC conditionally approved the True-DTAC merger with a 3:2 vote, despite strong opposition from consumer and civic groups concerned about potential market control.
The merged entity faces strict conditions, including service fee controls, independent cost structure verification for five years, and provisions for Mobile Virtual Network Operators (MVNOs).
Further mandates require the company to maintain current brand names for three years and achieve 75% 5G network coverage within three years, expanding to 90% within five years.
This merger will consolidate Thailand's telecom market, resulting in two major operators, with the True-DTAC entity commanding a combined 56% market share.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Today 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.