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After completing two mega telco mergers, Telenor Asia seeks to strengthen its market position

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Mindy Tan

Mindy Tan

Published Tue, Mar 7, 2023 · 05:50 AM
    • Jorgen Rostrup, executive vice-president of Telenor Group and head of Telenor Asia
    • True Corp had their first townhall on March 2, after Telenor Asia and CP Group finalised the merger of Thailand’s second and third largest mobile operators, True and dtac.
    • Jorgen Rostrup, executive vice-president of Telenor Group and head of Telenor Asia PHOTO: Telenor Asia
    • True Corp had their first townhall on March 2, after Telenor Asia and CP Group finalised the merger of Thailand’s second and third largest mobile operators, True and dtac. PHOTO: Telenor Asia

    THE past few months have been extremely eventful for Norway’s telecoms giant Telenor Group.

    Last week, Telenor Asia – a newly set-up autonomous entity to manage the group’s Asian operations with its headquarters in Singapore – and Thailand’s CP Group finalised the merger of True Corporation and Total Access Communication (DTAC), the second and third-largest mobile operators in Thailand.

    At US$20.7 billion, the transaction is the largest telco merger in South-east Asia by combined enterprise value.

    TelecommunicationsAseanAsean BusinessTelcosThailandMalaysia

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