Tie-up would form Thailand’s largest mobile operator
Telenor in June agreed a similar deal in Malaysia
OSLO, Nov 19 (Reuters) – Norway’s Telenor (TEL.OL) and Thailand’s Charoen Pokphand Group (CP Group) are exploring a merger of their telecom units in Thailand that could form a new market leader in the Southeast Asian country.
A deal, if completed, would merge the telecom operations of Telenor’s Total Access Communication (Dtac) (DTAC.BK) and CP Group’s True Corporation (True) (TRUE.BK), Oslo-based Telenor said in a statement on Friday.
Dtac is currently valued at around $3 billion, according to Refinitiv Eikon data, while True has a value of $4.5 billion.
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CP Group did not immediately respond to a request for comment.
It would be the Norwegian firm’s second tie-up in Southeast Asia this…
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