Merger details unveiled in the final lap of the planned amalgamation of True Corporation and Total Access Communication (DTAC) suggest DTAC's parent, the Norwegian firm Telenor, may want to serve as a passive or strategic investor rather than run the day-to-day operations of the new firm -- a sign of a soft exit from the Thai market.
One major indication is the boards of True and DTAC agreed to call the merged company True Corporation, according to filings submitted to the Stock Exchange of Thailand by the two firms on Thursday.
