BANGKOK: Thailand’s Charoen Pokphand Group (CP Group) and Norway’s Telenor Group announced today that they have agreed to merge their telecom units in Thailand in exploring the creation of a new telecom-tech company to accelerate Thailand’s progressive digital technology.
The merger deal of Telenor’s Total Access Communication (DTAC) and CP Group’s True Corporation is valued at 282.8 billion baht (100 baht =RM12.70) and the merged company would become a market leader with about 52 per cent of subscribers in the country, according to Reuters.
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