Gulf Energy Development Plc posted revenue growth of 92% to 101 billion baht last year, driven by earnings from its power generation facilities, divestment and InTouch Holdings Plc, the parent firm of telecom operator Advanced Info Service (AIS).
Gulf Energy Development Plc posted revenue growth of 92% to 101 billion baht last year, driven by earnings from its power generation facilities, divestment and InTouch Holdings Plc, the parent firm of telecom operator Advanced Info Service (AIS).
SET-listed Gulf Energy Development is expected to pursue a further restructuring of its telecom business portfolio this year, which will include becoming the direct major shareholder of leading mobile operator Advanced Info Service (AIS), according to a market analyst.
Amid economic challenges and rapid changes in various sectors, the strategic approach of mergers and acquisitions (M&A) was used to help businesses stay afloat and elevate their competitiveness, in addition to partnership agreements.
Gulf Energy Development and Siam Cement Group (SCG) are urging the government to improve Thai companies so they can stand out in the global business arena.