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Bangkok Post
Bangkok Post
Business

Merger to push on as tender scrapped

True DTAC Total Access Communication True Corporation NBTC

True Corporation and Total Access Communication (DTAC) have vowed to continue pursuing their amalgamation, although two affiliates of the pair scrapped their plans to conduct tender offers to acquire the two telecom operators' shares to create a path for the merger.

The two affiliated firms are Citrine Global Co and Citrine Venture SG Pte, joint venture companies of Charoen Pokphand Holding, a shareholder of True, and Telenor Asia Pte, a shareholder of DTAC.

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