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Thai telecom regulator worried about True-Dtac tie-up but cannot prevent it


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Thailand’s telecom regulator, the National Broadcasting and Telecommunications Commission (NBTC), has voiced concern that the merger of two telecom companies, True and Dtac, may lead to price collusion over service fees and spectrum auction bidding in the future.

 

NBTC Commissioner Prawit Leesathapornwongsa who expressed concern after a meeting with representatives from Dtac about the potential merger yesterday, admitted that the regulator has no power to stop the merger, but could issue certain regulations.

 

He said the NBTC will hold discussions with the Securities and Exchange Commission (SEC), the market regulator, and the Trade Competition Commission (TCC) over how to deal with the concerns and any new entity which may emerge as a result of the merger.

 

Full story: https://www.thaipbsworld.com/thai-telecom-regulator-worried-about-true-dtac-tie-up-but-cannot-prevent-it/

 

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5 hours ago, webfact said:

Thailand’s telecom regulator, the National Broadcasting and Telecommunications Commission (NBTC), has voiced concern that the merger of two telecom companies, True and Dtac, may lead to price collusion over service fees and spectrum auction bidding in the future.

It's a done deal,  already sorted out behind closed doors as to how it will work after the merger.

 

Edited by hotchilli
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6 hours ago, webfact said:

and any new entity which may emerge

Interesting, TRUE'S parent organization is the CP Group but:-

 

True Corp. is the telecommunications arm of Thai conglomerate Charoen Pokphand Group, which holds a more than 50% stake

China's top mobile carrier China Mobile acquired an 18% stake in the company and became its second-largest shareholder after CP Group.

https://asia.nikkei.com/Companies/True-Corp.-Public-Co.-Ltd

 

DTAC's parent company is Telenor (Norwegian) which was a major provider in Burma. 

 

The Norwegian telecoms company Telenor said yesterday that it has agreed to the sale of its operations in Myanmar to the M1 Group, a Beirut-based investment firm, for $105 million.

https://thediplomat.com/2021/07/norways-telenor-sells-myanmar-telecoms-operation-to-lebanese-firm/

Edited by Burma Bill
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7 hours ago, fangless said:

When is a "regulator" not a "regulator"? Answer-In Thailand!

So what is their function?

 

Probably the same as many other committees and organizations.

There function is to hold meetings about Jack, and then eat massive Lunches.

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