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Saturday, April 27, 2024

Telecom investors approve merger

Telecom investors approve merger

Shareholders give green light to union

DTAC customers at a service centre in Bangkok. DTAC customers at a service centre in Bangkok. (Photo: Pornprom Satrabhaya)

Shareholders of True Corporation and Total Access Communication (DTAC) have overwhelmingly approved the planned amalgamation of the two telecom operators, a major step towards their anticipated merger in the second half of this year.

Meanwhile a True executive, who requested anonymity, told the Bangkok Post that the merger would be a boon for both companies in terms of long-term investment funding, which could ensure business continuity and strengthen their position in the fight against…

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