(File photo)The Charoen Pokphand Group (CP Group) and Telenor of Norway are exploring a merger of their telecom units in Thailand that could form a new mobile market leader in the country. A deal, if completed, would merge the telecom operations of SET-listed Total Access Communication (DTAC) and CP Group’s True Corp (True), Oslo-based Telenor said in a statement. Telenor will not provide any further comments at this stage of the process,” the Norwegian company said. Telenor serves 172 million customers with roughly half its revenue generated in Asia and half in the Nordic region. A deal, if approved by regulators, would give the combined entity a market share in Thailand of around 54%, surpassing AIS.

Source: Bangkok Post November 19, 2021 16:33 UTC