AIS, the telecommunications giant, recently took a surprising turn as it withdrew its case against the National Broadcasting and Telecommunications Commission’s (NBTC) decision, which recognised the merger between True Corporation and Total Access Communication (DTAC), its two direct competitors. The lawsuit contended that the NBTC board had failed to exercise its authority to regulate the deal according to existing regulations.
An AIS executive, who wished to remain unnamed, commented that the lawsuit was dismissed due to the belief that the merger process has progressed too far to be reversed. The management decided to withdraw the lawsuit within the past fortnight.
The NBTC board, on October 20, 2022, voted 3-2 against having the authority to either approve or reject the planned merger of True and DTAC. This in effect, paved the way for the merger. The…
