After rumors spread last week about a merger between True-DTAC was released from Telenor in Norway. And leave the last message that there will be an official press conference on November 22, 64, which before the official press conference News about the cooperation of the two sides has been spread that this cooperation will create a change in the telecom industry in the future. And cooperation will help to grow in the technology industry in Thailand.
thumbsup therefore would like to post all the publicity content that has been sent to the media for the reader. read the full content and jointly analyze how the Thai telecommunication business will go in the next direction
CP Group and Telenor Group Consider creating equal cooperation (Equal Partnership) to restructure the organization. (Transformation) to become a technology company or Tech Company under the technology hub strategy.
Charoen Pokphand Group (CP Group) and Telenor Group Announcement to consider creating equal partnership (Equal Partnership) by supporting True Corporation Public Company Limited (TRUE) and Total Access Communication Public Company Limited (DTAC) Aims to restructure the business to become a Technology Company under the Technology Hub strategy. Ready to add new technology business Creating a digital ecosystem and startup funds To be in line with the Thailand 4.0 strategy in pushing Thailand to be the center regional technology
During the study and consideration of this restructuring, True and dtac’s businesses will continue to operate as normal for each company. while CP which is a major shareholder of True and Telenor Group which is a major shareholder of dtac The goal is to find a conclusion in the details of the equal partnership (Equal Partnership), which will result in CP Group and Telenor Group Equity shareholding in the new company In addition, True and dtac will comply with various conditions, including due diligence, and relevant approvals from the Board of Directors’ meeting. and shareholders of both companies as well as to complete other relevant legal procedures.
Mr. Supachai Chearavanont, Chief Executive Officer Charoen Pokphand Group and Chairman of the Board of Directors, True Corporation Public Company Limited, said that over the past several years The telecom industry landscape has changed dramatically. from new technology and a market that is open to competition Operators from large digital industries in the region are increasingly offering digital services.
These factors make telecom operators need to adapt quickly In addition to the development of network services (Connectivity) to be intelligent also need to enhance the potential and speed To create added value (Value Added) from communication networks and deliver technology. new innovations for customers which the effects arising from such changes make restructuring (Transformation) of Thai companies into technology companies to be able to compete with world-class players Considered to be of great importance
“Restructuring to become a technology company In line with the Thailand 4.0 strategy to become a regional technology hub, Telecom will continue to be one of the business structures. and will have to develop more businesses in the technology-focused area. including artificial intelligence Cloud technology, IoT, smart devices smart city digital media solutions and restructuring to support investment in technology companies (Tech Startup) by establishing Venture Capital that focuses on investing in Thai startups and international startups In addition, we have plans to study space technology (Space Technology) to apply to business, which is considered as an open framework for further innovation as well.”
“Going into a technology company is the key to enabling Thailand to develop by leaps and bounds. and create prosperity to spread throughout the country which as a Thai company We strive to be part of helping to unlock the enormous potential of Thai businesses and Thai digital entrepreneurs It will also be able to attract the best people and cutting edge businesses from around the world to do business. in Thailand as well.”
“Today is another step forward in this direction. by we hope It will be an empowerment for all new generations. and create technology jobs to fulfill and unleash potential To be entrepreneurs who deliver added value through technology and innovation. by taking advantage of this state-of-the-art digital telecommunication infrastructure.”
Mr. Sikwe Brekke, Chairman and Chief Executive Officer Telenor Group said, “We have experience in driving the digital world in various Asian countries. Both consumers and businesses expect cutting-edge services and better quality connections. We believe this new company will be a part of the expansion. raising the level of Thailand to become a leader in the digital world By combining technological advances with customer-attracting services. ready to offer products of excellent quality.”
Mr. Jurgen Rosetrip, Executive Vice President and Chief Executive Officer for Asia, said: “This agreement will help drive our strategy of strengthening our base in Asia. as well as create value and develop the market in this region in the long run We have a long-standing commitment and commitment to both Thailand and Asia. And this partnership will strengthen this commitment and mission. Our access to both new technology and the best quality human resources It will be an important additional factor for the new company to be established this time.”
“A new company to be established will set up a fund worth about 100 – 200 million USD came up to support entrepreneurs and startups on digital platforms Emphasis is placed on creating new products and services for the benefit of consumers in Thailand.”
both CP and Telenor Group are sure that Considering creating equal cooperation This time, innovation and technology will be created that are the most beneficial to consumers and Thai people. This will help support and encourage Thailand to become a regional technology hub. According to the strategy of Thailand, the goal has been achieved.
