Thailand's biggest mobile phone operator Advanced Info Service (AIS) will spend a total of 32.4 billion baht ($908 million) to acquire shares of an internet service operator and infrastructure provider to expand its customer base ahead of a huge merger planned by rivals True Corp. and Total Access Communication (DTAC).
AIS will buy a 99.87% stake in internet service provider 3BB for 19.5 billion baht.
The company will also spend 12.9 billion baht to acquire 19% of Jasmine Broadband Internet Infrastructure Fund in a bid to strengthen its fiber-optic internet services.
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