Norway's Telenor said in a statement that it is in talks with conglomerate Charoen Pokphand (CP) Group, the parent of True, to explore the possibility of a merger between DTAC and True. A telecom specialist who requested anonymity said speculation regarding the merger of True Move H Universal Communication (TUC), a mobile arm of True, and DTAC TriNet, a mobile operator of DTAC, has been rife for a few weeks among major investors in the SET. According to the source, True and DTAC are likely to form a joint venture under a share swap model between the two. Pisut Ngamvijitvong, an analyst at Kasikorn Securities, said if True succeeds in acquiring DTAC, True will become the market's leader and its mobile phone market share will rise from 32% to 53%, while AIS will become the second at 47%. He said if the deal is true, it's possible that True will use the share swap method to merge with DTAC.

Source: Bangkok Post November 20, 2021 09:17 UTC