The merger of True Corporation and Total Access Communication (Dtac). (Photo: Varuth Hirunyatheb)
Shares of True Corporation Pcl, created through a merger between Thailand’s number two and three mobile phone operators, has started trading in Bangkok on Friday, marking the culmination of a consolidation process that drew protests from consumer groups and its main rival.
With Thai authorities approving the merger of True and Total Access Communication (Dtac) Pcl this week, the new company with 55 million mobile subscribers ended the long reign of Advanced Info Service (AIS) Pcl as the largest telecom company in Southeast Asia’s second-biggest economy. AIS, backed by Singapore Telecommunications Ltd, ended last year with a total…
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