True, DTAC submit merger report to the regulator

A joint report by True Corporation Plc and Total Access Communication Plc (DTAC) about their amalgamation plan has been submitted to the National Broadcasting and Telecommunications Commission (NBTC), in compliance with a rule requiring 90 days advance notice for potential mergers.

A source at the regulator who requested anonymity said the report was submitted to NBTC acting secretary-general Trairat Viriyasirikul on Jan 25.

Submission of the report complies with the NBTC’s notification for the merger of telecom operators, requiring at least 90 days notice before executing a deal.

The source said although the NBTC board has no authority to either approve or prohibit the merger, it can seek clarification on details.

The NBTC has the power to issue measures to prevent practices deemed to cause a monopoly or unfair competition, as well as protect customers from being…