C.P. Group and Telenor Group are exploring a merger of True and dtac. Though the combination will reduce the number of leading mobile service providers in Thailand, and give the combined entity about 532 percent share of the installed base, the merger also seems aimed at boosting investment in digital application assets.
“The new company has the intention to raise venture capital funding together with partners of US$100 million to $200 million to invest in promising digital startups,” said Jørgen Rostrup, Telenor Group EVP.
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