Panel: NBTC can reject deal
Legal group presents its interpretation
A legal NBTC panel determined the regulator can approve or prohibit the True-DTAC merger, differing from management.
The legal subcommittee of the National Broadcasting and Telecommunications Commission (NBTC) has concluded the telecom regulator has the power to approve or prohibit the planned merger of True Corporation and Total Access Communication (DTAC).
This interpretation has been proposed to the NBTC board, which is set to consider it this week, according to an NBTC executive who requested anonymity.
This conclusion differs from a previous suggestion by NBTC management to the former NBTC board that the telecom regulator has no legal power to prohibit mergers and acquisitions, but can only prescribe measures to prevent acts that could cause…
