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DTAC-True merger completed

DTAC-True merger completed

13 Sept 22:30 Key points summarised by AI
  • Telenor Asia announced the completion of the DTAC and True Corporation merger, establishing Southeast Asia's largest telecom deal by combined enterprise value.
  • The newly formed entity, named True Corporation, becomes Thailand's largest mobile operator with 55 million subscribers, surpassing current market leader Advanced Info Service Plc (AIS).
  • The merger aims to accelerate digital innovation, deliver high-quality connectivity, and leverage advanced technologies such as 5G, AI, and the Internet of Things.
  • Regulatory conditions mandate the new company retain DTAC and True brand names for three years, while a legal challenge from consumer groups, though rejected, remains pending.
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