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DTAC-True merger finally gets conditional approval in Thailand (update*)

By Jet Damazo-Santos ( October 21, 2022, 05:10 GMT | Insight) -- Thailand's controversial merger between Thai conglomerate CP Group’s True Corporation and Telenor’s DTAC  finally received its delayed but expected conditional approval late on Thursday, after an 11-hour meeting that lasted well into the evening, marked by intense disagreements among the telecom regulator's commissioners. The conditions on the deal include a 12 percent reduction in average service fees, maintaining separate service brands for three years, and 5G roll-out targets over the next five years.Thailand's controversial merger between Thai conglomerate CP Group’s True Corporation and Telenor’s DTAC  finally received its delayed but expected conditional approval late on Thursday, after an 11-hour meeting that lasted well into the evening, marked by intense disagreements among the telecom regulator's commissioners. ...

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