
Reading Time: 2 minutes
The new company, supported by sponsoring shareholders Charoen Pokphand Group ( C.P. Group ) and Telenor Group ( Telenor ), aims to meet increasing customer expectations and capture new growth opportunities in a fast-changing digital world. The company is a merger of equals that will combine skills and expertise from True and dtac and offer employees new opportunities at the forefront of digitalization.
The telecommunication business will remain core to the merged company, ensuring that consumers throughout the country benefit from continual improvements in 4G and 5G coverage with better network quality, reliability, and speed. In addition to connectivity services, growth opportunities will be technology driven, leveraging business opportunities within digital services, AI, cloud technology, and connected devices.
The new company will have scale to both invest in network quality and make technology advancements that meet the changing needs of Thai consumers and support Thailand's digital growth. This ensures telecom services that are attractive, affordable, and which enable innovation and partnerships for a wide range of new products, says J rgen Arentz Rostrup, Executive Vice President and Head of Telenor Asia.
The new telecom-tech company aims to support Thailand's digital transformation in line with the Thailand 4.0 policy by bringing new partnerships and global technology advancements to Thailand. To accelerate and stimulate growth in Thailand's digital ecosystem, the new company, together with partners, intends to raise USD 100 200 million in venture capital, supporting promising digital startups focusing on new products and services that benefit Thai consumers.
True and dtac have filed a merger notification with the National Broadcasting and Telecommunication Commission (NBTC) and informed NBTC on their readiness to provide further information or clarification as needed.
As announced on 22 November 2021, there will be a voluntary tender offer (VTO) following regulatory approval where all shareholders of True and dtac will have the choice to participate in the tender or continue as shareholders in the amalgamated company, which will be listed on the Stock Exchange of Thailand. The outcome of the VTO will determine the final equalized ownership percentage between C.P. Group and Telenor. The transaction will be subject to approvals by shareholders and customary regulatory approvals.
The current operations of True and dtac will continue to run their businesses independently until the transaction is completed, which is expected to be within 2022. A joint integration planning project will be established to work on business development, synergies, and transition planning.
Press contact: David Fidjeland, Media Relations, Telenor Group
+47 935 67 224 | david.fidjeland@telenor.com
More from Telenor Digital Services and Broadcast
16/03/2023
7 minute read
Share
Cisco and Telenor Group executives celebrate the fifth...
08/03/2023
7 minute read
Share
Three women who are working on some of the most important priorities for Telenor Asia tell us how they have stepped into leadership ro...
08/03/2023
7 minute read
Share
Empowering Societies Digital skills Include Inclusion Grameenphone
Grameenphone and Plan International Bangladesh join hands...
07/03/2023
9 minute read
Share
Writer: Mindy Tan
View original article on The Busine...
01/03/2023
11 minute read
Share
dtac Telenor Asia
When Telenor made its foray into Thailand in 2003 through its investment in dtac, the company's vision was ...
01/03/2023
5 minute read
Share
Today, Telenor Asia announces the completion of the amalgamation of the telco operations of True and dtac in Thailand. The transaction...
14/02/2023
7 minute read
Share
Download the full Year in Review - 2022
Message from Head of Telenor Asia, J rgen C. Arentz Rostrup:
2022 marked a significant turn...
02/02/2023
7 minute read
Share
The quarter represents significant progress on our new strategic roadmap towards 2025. Mobile service revenues in Telenor Nordics inc...
01/02/2023
2 minute read
Share
(Fornebu, 1 February 2023) Telenor today closes the transaction to divest 30 percent of newly established Telenor Fiber AS, in Norway ...
31/01/2023
11 minute read
Share
View report highlights
Downloads
Report pdf
Info...
30/01/2023
9 minute read
Share
Download full report PDF
Survey Findings (Infographics) PDF
Read the press release
From virtual worlds to real-life communitie...
12/01/2023
3 minute read
Share
Dtac and True have today held separate board meetings regarding the ongoing merger process between the companies. The boards of direct...
23/12/2022
5 minute read
Share
What can time spent with schoolchildren teach entrepreneurs? A lot, it turns out. Alina Amir co-founded Malaysia's fast-rising Aru...
21/12/2022
8 minute read
Share
People feel less safe about online shopping, but lucki...
16/12/2022
6 minute read
Share
A recent survey Telenor conducted in the Nordics has shown that digital security is a significant concern for individuals across the r...
30/11/2022
9 minute read
Share
New Company Well-Placed to Serve the Nation and Consum...
30/11/2022
11 minute read
Share
Digi Telenor Asia
For over 20 years, Digi has emp...
25/11/2022
6 minute read
Share
What are some essential life skills for the digital age? We asked Kalaya Kovidvisith, a co-founder of Thailand's Safe Internet met...
25/11/2022
5 minute read
Share
Sayem Faruk is transforming how global companies can connect with tech talent in Bangladesh. He founded Airwrk, a game changer for his...
25/11/2022
5 minute read
Share
Last June, Pakistani entrepreneur and Telenor alumnus ...
22/11/2022
1 minute read
Share
On 22 November 2021, Telenor and CP Group announced their intention to support the amalgamation of dtac and True in Thailand.
As part...
08/11/2022
9 minute read
Share
A new mobile 5G Network on Wheels from Telenor demonst...
07/11/2022
4 minute read
Share
Sigve Brekke, President and CEO of Telenor Group, is re-elected for a seat in the GSMA Board and will, from 1 January 2023, commence h...
03/11/2022
9 minute read
Share
Advance Artificial Intelligence Research
Advance...
01/11/2022
5 minute read
Share
Research
The new head will drive Telenor's research involvement in innovation with strategic partners and customers as part of T...
31/10/2022
2 minute read
Share
By merging Telenor Digital AS (TD) and Telenor Global Services AS (TGS), Telenor establishes a global unit that combines traditional c...
28/10/2022
1 minute read
Share
Telenor and 474 civil society organizations in Myanmar...
27/10/2022
7 minute read
Share
Download full report PDF
Read the press release
Decoding changing attitudes towards mobile connectivity in South and Southeast As...
27/10/2022
8 minute read
Share
Flexible Work Digital skills Inclusion Include ...
26/10/2022
6 minute read
Share
We see positive trends for mobile service revenues in the Nordic region, with a growth of 4 percent in the third quarter , says Sigve ...
11/10/2022
5 minute read
Share
Telenor Group, a leading global telecommunications company serving 175 million customers in the Nordics and Asia, announced the format...
07/10/2022
7 minute read
Share
alt=Women walking in Lofoten, Norway. class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb10>
(Fornebu 7 October 2022...
20/09/2022
4 minute read
Share
(Fornebu, 20 September 2022) Today, at its Capital Markets Day, Telenor presents significant changes to ensure growth and reshape the ...
08/09/2022
6 minute read
Share
Marie Ulven's music has brought the young artist into the global charts and created a worldwide fan base. The talented Norwegian, ...
05/09/2022
9 minute read
Share
Part One: Live
Download full report PDF
Read the press release
Survey Findings (Infographics) PDF
Decoding changing attitudes...
05/09/2022
9 minute read
Share
Part One: Live
Download full report PDF
Read the press release
Survey Findings (Infographics) PDF
Decoding changing attitudes...
05/09/2022
9 minute read
Share
Report highlights
Downloads
Report pdf
Survey Fin...
24/08/2022
7 minute read
Share
Telenor gjennomf rer endringer i konsernledelsen for styrke regionene i Norden og Asia, og oppretter i tillegg nye enheter innen inf...
24/08/2022
8 minute read
Share
Telenor is implementing changes to the Group Executive Management team to strengthen the regions in the Nordics and Asia, as well as c...
19/07/2022
5 minute read
Share
alt=Solid mobile growth class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb10>
In the second quarter, we deliver per...
18/07/2022
8 minute read
Share
Sustainability Empowering Societies Include Child Online Safety Grameenphone
Include
Enabling participation for all
Inclu...
30/06/2022
12 minute read
Share
Sustainability Empowering Societies Inclusion Include Digital skills
Include
Enabling participation for all
Include mean...
29/06/2022
4 minute read
Share
Telenor Group's Malaysian subsidiary Digi.Com Berh...
16/06/2022
4 minute read
Share
Diversity Inclusion Future ready Digital skills
alt=Three people looking into camera during contract signing class=lazyload main ...
18/02/2022
Reading Time: 2 minutes
The new company, supported by sponsoring shareholders Charoen Pokphand Group ( C.P. Group ) and Telenor Group ( Telenor ), aims to mee...
02/02/2022
Reading Time: 3 minutes
During the year, Telenor has focused on safeguarding employees and providing services to customers as the demand for connectivity, di...
20/01/2022
Reading Time: 2 minutes
As part of the agreement, Telenor and AWS will invest in joint go-to-market activities in select industries-such as manufacturing, sup...
17/01/2022
Reading Time: 2 minutes
(Singapore/Oslo, 17 January 2022) Telenor Group and Yoma Strategic have entered into an agreement to sell Telenor Group's 51 perce...
03/01/2022
Reading Time: 5 minutes
2021 is yet another year of extreme weather events and record-breaking temperatures. These underline the challenges humans, wildlife, ...
22/11/2021
Reading Time: 3 minutes
(Oslo/Bangkok, 22 November 2021) C.P. Group and Teleno...