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Sunday, June 23, 2024

True and Dtac Merge to Boost Local Business Transformation in Thailand

True and Dtac have merged to establish a new firm with the goal of bridging the digital divide and enabling the digital transformation of Thai enterprises.

Based on the capabilities of the combined enterprises, the new company, “True Corporation Public Company Limited,” wants to become the country’s premier telecom-tech corporation. The management of the new firm outlined their vision for Thailand’s infinite potential at a press conference at Samyan Mitrtown in Bangkok, speaking about expanded access to digital connections, technological investments, and integrated services.

True and Dtac will now control 54% of Thailand’s telecom sector, with AIS close behind at 46%. True, part of the CP Group, and Dtac, part of the Telenor Group, founded a new firm under an equal partnership structure after getting authorisation from the National Broadcasting and Telecommunications Commission. Even though it is an equal partnership, they will maintain the company’s name as “True Corporation”.

With 33.8 million TrueMove H customers and 21.2 million Dtac members, the combined company will be the market leader in mobile subscribers. Moreover, TrueOnline has 5 million subscribers and TrueVision has 3.2 million users.

With aspirations to create 5G coverage to reach 98% of Thailand’s population by 2026, the business intends to be the unchallenged network leader. The new organization will also invest in digital companies, raise 7.3 billion baht with partners for its venture capital fund, and pledge to be carbon-neutral and waste-free by 2030. As part of its high ESG standards, the firm wants to be a net-zero greenhouse gas emitter by 2050.

Author: kanyapat

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