Thailand’s Charoen Pokphand Group (CP) and Norway’s Telenor are urging the National Broadcasting and Telecommunications Commission (NBTC), Thailand’s telecom and broadcasting regulator, to speed up the issuance of conditions to govern the planned merger of their two subsidiaries, True Corp and Total Access Communication (DTAC).

 

CP Chief Executive Suphachai Chearavanont and Sigve Brekke, president and chief executive of Telenor, told a joint press conference yesterday (Friday) that the NBTC has no authority to approve or reject the planned merger, but does have the authority to regulate the operations of the merged entity.

 

Supachai, also chairman of True Corporation, said that the merger will not lead to monopolisation of cell phone services, as feared by some, because their market share is no more than 48%, adding that, each year, as many as 30% of cellular service customers tend to move between service providers.

 

Full story: https://www.thaipbsworld.com/nbtc-urged-to-accelerate-consideration-of-true-dtac-merger-plan/

 

-- © Copyright Thai PBS 2022-07-25

 

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Maybe we should change the name of Thailand to charoen land make it easy

CP group to Thai government: "When I tell you to jump, you jump! Understood?"

 

About Phalang Pracharat finances (ISEAS perspective 2021 29) :

Then there are deeper-pocketed financiers standing in the shadows of the
MPs including such leading Thai concerns as Charoen Phokpand, ThaiBev, the Central Group, and Boonrawd Brewery. These concerns have reportedly been willing to contribute much more money than the MPs (though exact amounts are unknown).

Edited July 25, 20223 yr by klauskunkel