The merger between True Corporation and Total Access Communication – AKA Dtac has been completed according to Dtac’s majority owner Telenor.
The deal is the largest-ever telco merger in Southeast Asia by combined enterprise value. Telenor and CP Group will be equal partners with a 30.3% ownership stake in the new company.
The new company will operate under the name True Corporation, and the combined entity says it is well placed to serve Thailand’s increasing demand for high-speed data and capture growth opportunities in the fast-changing digital region.
According to a recent Telenor survey, 82% of Thais are expected to significantly increase their mobile usage over the coming years, more so than in any other market surveyed.
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