Thailand’s telecoms regulator has agreed to allow a merger between the country’s two main phone carriers in a decision that raises worries over whether reduced competition will harm consumer interests.
The $7.3 billion deal will merge True Corp. and smaller DTAC, a subsidiary of Norway’s Telenor Group. The new entity, to be called NewCo, will have about 51 million subscribers. The next largest telecoms carrier, AIS, or Advanced Info Service, has 44 million subscribers.
