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Telenor, CP Group agree to merge Thai telcos into new telecom-tech company

( February 18, 2022, 20:00 GMT | Official Statement) -- MLex Summary: Telenor Group and Thai conglomerate CP Group have agreed to merge their respective telecommunications companies in Thailand, True Corporation and Total Access Communication, which operates the brand DTAC, to create a new telecom-tech company that will expand to digital services, artificial intelligence, cloud technology, and connected devices. The agreement follows the completion of a due diligence process that was first announced last November. True and DTAC have already filed a merger notification with Thailand's National Broadcasting and Telecommunication Commission. The full statement follows: ...

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