Shareholders Approve TRUE Merger With DTAC

Date:

True Corporation Plc (TRUE) has announced that its shareholders have approved its merger deal with Total Access Communication Public Company Limited (DTAC), Thailand’s third largest GSM phone company after AIS and TRUE itself.

The announcement was made by TRUE President Manat Manavutiveth, following the company’s annual shareholder meeting.

Manat said the move would enable the company to evolve from a telecommunications company into a technology company. If successful, the merger is also expected to expand TRUE’s business capacity amid challenges in the fast-paced telecommunications and technology markets.

The president added that the new company resulting from the merger would become a leading, high-performance telecommunications service provider. He added that it would be a top-tier solution provider for artificial intelligence, cloud computing, Internet of Things, Smart City innovations, digital media and space technology – all with business applications.

Manat nevertheless indicated that the merger is still being vetted by the responsible government agencies, with business to continue as usual until the deal is finalized.

Editorial Staff
Author: Editorial Staff

Provider of news and content to Heaven is Hua Hin

Editorial Staff
Editorial Staffhttps://locality.guide
Provider of news and content to Heaven is Hua Hin

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

‘Chill in the Park’ Art Exhibition: A Laid-Back Delight in Hua Hin

In the serene backdrop of Hua Hin, the "Chill...

MaJo 90th Anniversary Cycling Team Embarks on Southern Expedition

In a noteworthy celebration, the MaJo Alumni Association of...

New Brunch Spot Offers Classy Take on Morning Favorites

In the heart of Hua Hin, Mitte Mitte has...

Major Illegal Gambling Den Busted in Nonthaburi Hotel: Chinese Businessmen Among Detainees

In a significant crackdown on November 29th, 2023, Thai...