NBTC’s decision to give greenlight to telecom mega merger was daylight robbery that needs to be reversed

[webfact]

 

Opinion –

 

By Erich Parpart

The Thailand Consumer Council continues to fight the uphill battle to derail the recent decision by the National Broadcasting & Telecommunication Commission (NBTC) to approve the merger of Thailand’s 2nd and 3rd largest mobile phone operators – True Corporation Plc (TRUE) and Total Access Communication Plc (DTAC).

 

The merger that was given the greenlight on October 20th continues to remain contentious because some of the details are emerging that makes the approval process undertaken more like snatching away the rights of the consumers.

 

In case some of you forgot or did not pay attention to this detail, one of the reasons why the vote for the merger by the 5-seat board of the NBTC came out to be 3:2 to “acknowledge” the merger was because the chairman of the board decided to use his power to cast an additional vote to break the tie break.

 

Full story: https://www.thaienquirer.com/45429/opinion-nbtcs-decision-to-give-greenlight-to-telecom-mega-merger-was-daylight-robbery-that-needs-to-be-reversed/

 

-- © Copyright Thai Enquirer 2022-10-27

 

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[klauskunkel]

8 hours ago, webfact said:

5-seat board of the NBTC

appointed by the coup makers

 

8 hours ago, webfact said:

True Corporation Plc (TRUE)

owned by CP group, which is a major financial backer of government party Phalang Pracharat, which was formed by coup makers

 

and that's all there is to say about that

[Purdey]

Thick faces, no shame. 

[hotchilli]

23 hours ago, webfact said:

In case some of you forgot or did not pay attention to this detail, one of the reasons why the vote for the merger by the 5-seat board of the NBTC came out to be 3:2 to “acknowledge” the merger was because the chairman of the board decided to use his power to cast an additional vote to break the tie break.

The  merger  fix was in from the beginning... the chairman should be removed.