Telenor Asia anticipates $2.5bn gain via synergy

Telenor Asia expects a synergistic effect worth up to US$2.5 billion over the next three years from the mergers of True Corporation and Total Access Communication (DTAC) in Thailand and Celcom and Digi in Malaysia.

Telenor Asia celebrated the telecom merger with a $20.7 billion enterprise valuation in Thailand, Jørgen C. Arentz Rostrup, executive vice-president and head of Telenor Asia, told the Bangkok Post. He is also deputy chairman of True Corporation, the name of the newly merged firm.

“Thailand is a tech-savvy market and one of the most valuable for Telenor. We’ll continue our investment in the region,” he said.

Telenor Asia said it completed the amalgamation of True and DTAC in Thailand on March 1. The transaction is the largest telecom merger in Southeast Asia by combined enterprise…