True denies reported interest in buying DTACA highly placed source at SET-listed True Corporation has rejected a media report suggesting it will acquire Total Access Communication (DTAC), the country's third largest mobile operator, from Norway-based telecom giant Telenor, insisting the story is baseless. "That's not true," the source told the Bangkok Post without further elaboration. According to the report, sources said True is understood to be holding discussions with Telenor regarding the potential acquisition of DTAC. The report indicated Telenor, which owns 65% of DTAC, is looking to exit the Thai market at a valuation of US$2 billion for its stake. These challenged our premise of how we can do business," Mr Brekke said.

Source: Bangkok Post July 30, 2021 21:22 UTC