SET-listed mobile operator Total Access Communication (DTAC) has pushed back against criticism of its planned merger with True Corporation, saying the amalgamation will create a new firm that is more competitive against the market leader.
“Well-functioning regulatory oversight” will be key to reining in service prices, the country’s third-largest mobile operator by subscriber base said in a statement.
According to DTAC, the merger would support a quicker and more comprehensive nationwide rollout of digital infrastructure, as well as the pursuit of emerging technologies.
“Both firms have been clear from the start — this is a technology-motivated transaction to bring Thailand the communications networks it needs and deserves to compete within Asean and beyond,” DTAC said. “The amalgamation will facilitate the rollout of 5G and related technology in line with the…