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  1. #1
    Thailand Expat misskit's Avatar
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    DTAC-True merger completed

    Telenor Asia announced yesterday (Wednesday) the completion of the merger between Total Access Communication Company (DTAC) and True Corporation (TRUE), billed as the largest telecom merger in Southeast Asia by combined enterprise value.


    Jørgen A. Rostrup, executive vice president of Telenor Group and head of Telenor Asia, said that the completion of the deal is a new milestone in Thailand’s impressive digital journey.


    DTAC is a subsidiary of the Telenor Group of Norway, while True is the subsidiary of the Charoen Pokphand Group.


    “The pace of innovation is expected to accelerate, creating growth opportunities for the country. Telenor is ready to support True Corporation with access to advanced technology, a network of global partners and cutting-edge industry insights,” according to Telenor Asia’s statement, issued yesterday.


    The new company will combine the strengths of DTAC and True to deliver high quality connectivity and leverage the latest developments in 5G, AI and the Internet of Things, said Rostrup.


    He also said that the mergers in Thailand and Malaysia will see Telenor expanding its role in Asia, serving more than 200 million customers.


    The new entity, named True Corporation has been registered with the Business Development Department of the Ministry of Commerce. The company’s board has appointed Manat Manavutiveth, current co-president of True, as the CEO of the new company, and Sharad Mehrotra, the current CEO of DTAC, as his deputy.


    The board has also resolved to call a meeting of shareholders of the two companies for approval of the new entity and other issues, such as capital registration and the number and value of shares in the new entity.


    The merger will result an increase the customer base of True Corporation to 55 million mobile subscribers, compared to the 45 million of the current market leader, Advanced Info Service Plc (AIS).


    Under the merger conditions, set by the National Broadcasting and Telecommunications Commission (NBTC), the new company must retain the brand names of DTAC and True for three years and that it must continue to provide services and promotional rights to their customers.


    Thai consumer groups had tried to stop the merger deal by asking the Central Administrative Court to issue an injunction to stall the deal, but this was rejected by the court. The case is still pending with the court.

    DTAC-True merger completed | Thai PBS World : The latest Thai news in English, News Headlines, World News and News Broadcasts in both Thai and English. We bring Thailand to the world

  2. #2
    Thailand Expat harrybarracuda's Avatar
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    Anywhere else that would have got blocked.

  3. #3
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    Quote Originally Posted by harrybarracuda View Post
    Anywhere else that would have got blocked.
    Indeed, total joke. Have you guys seen how CP is/ has pretty much taken over 7-eleven stores. What once was a great way for small enterprises/ families to make a bit of money, is no longer. CP have been building their new stores with better parking right next to old independently owned stores, thus forcing them out. Total fucking joke!
    One should listen twice as much as one speaks

  4. #4
    Thailand Expat harrybarracuda's Avatar
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    Quote Originally Posted by Bonecollector View Post
    Indeed, total joke. Have you guys seen how CP is/ has pretty much taken over 7-eleven stores. What once was a great way for small enterprises/ families to make a bit of money, is no longer. CP have been building their new stores with better parking right next to old independently owned stores, thus forcing them out. Total fucking joke!
    Maybe it's just me, but CP have always had exclusive rights to operate 7/11 stores.

    We know how they operate, because their execs bought Makro shares on the sly before CP launched their bid for it.

  5. #5
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    I was of the same opinion as Harry .
    CP have held the Thai licence for 711 since 1989.
    Did 711 exist in Thailand prior to that

  6. #6
    Custom Title Changer
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    Quote Originally Posted by Happy As Larry View Post
    CP have held the Thai licence for 711 since 1989.
    If I'm not mistaken, CP holds the 7/11 license for SEA.

  7. #7
    Thailand Expat
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    Quote Originally Posted by harrybarracuda View Post
    Maybe it's just me, but CP have always had exclusive rights to operate 7/11 stores.

    We know how they operate, because their execs bought Makro shares on the sly before CP launched their bid for it.
    Yes they have and are the main holder of the franchise in Thailand. The fact that they are monopolising it since about 2019 is worrying and now this 'merger' as well! They literally open up new 7's right by family owned 7's, make them bigger and with better parking. It is a bit c++ty. It has now become a great store front for selling all of their CP products. You can tell if it is a CP owned shop as they have more CP products in the fridges. We had a massive chat about it with the owner of the shop next to our old place. She was livid, had 3 shops and all were going out of business because CP basically want every shop directly owned by them.

  8. #8
    Thailand Expat harrybarracuda's Avatar
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    Quote Originally Posted by Bonecollector View Post
    Yes they have and are the main holder of the franchise in Thailand. The fact that they are monopolising it since about 2019 is worrying and now this 'merger' as well! They literally open up new 7's right by family owned 7's, make them bigger and with better parking. It is a bit c++ty. It has now become a great store front for selling all of their CP products. You can tell if it is a CP owned shop as they have more CP products in the fridges. We had a massive chat about it with the owner of the shop next to our old place. She was livid, had 3 shops and all were going out of business because CP basically want every shop directly owned by them.
    They opened their first one in 1989. Again, they have "exclusive rights", meaning any other than ones they own are franchises anyway, aren't they?

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