Thailand’s Charoen Pokphand (CP) Group and Norway’s Telenor Group jointly announced an “equal partnership” for the US$ 200-million joint venture, with a focus on tech start-up investment today (Monday).

 

The news came after rumours swirling over the past couple weeks about a merger between the two telecom giants True and Dtac or a takeover. On Friday, it was reported that CP and Telenor were discussing a merger, but both companies did not confirm the decision until now.

 

CP Group CEO and Chairman of the Board of True Corporation Supachai Chearavanont said at a Memorandum of Understanding that the telecom landscape has changed rapidly over the past several years, with new technologies, a broader market for competition and proposals for new forms of digital services from major telecom players.

 

Full story: https://www.thaipbsworld.com/joint-venture-between-telecom-giants-true-dtac-announced/

 

-- © Copyright Thai PBS 2021-11-22

 

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3 hours ago, webfact said:

Thailand’s Charoen Pokphand (CP) Group and Norway’s Telenor Group jointly announced an “equal partnership” for the US$ 200-million joint venture, with a focus on tech start-up investment today (Monday).

Another monopoly in the making.

2 hours ago, hotchilli said:

Another monopoly in the making.

Tightening the omnipresent control. 

There goes competition. Up go prices.

4 minutes ago, brucegoniners said:

There goes competition. Up go prices.

Well if DTAC and (un)TRUE merge there is still AIS ????

OK, so I read the whole article, and, I can't find a single word in the article that says ANYTHING about what all their corp. doubletalk means for either of their existing customers....

 

Is it just a new two-party joint venture to focus on doing some kind of future entrepreneurial investments? Or, are they talking about changing/integrating their two separate mobile network operations?