Shareholders of Jasmine International Plc (JAS) have approved a deal in which Advanced Info Service (AIS) Plc will acquire its subsidiary Triple T Broadband (TTTBB), a fixed broadband operator, and buy 19% of Jasmine Broadband Internet Infrastructure Fund (JASIF) for 32.4 billion baht in total.
Shareholders of Jasmine International Plc (JAS) have approved a deal in which Advanced Info Service (AIS) Plc will acquire its subsidiary Triple T Broadband (TTTBB), a fixed broadband operator, and buy 19% of Jasmine Broadband Internet Infrastructure Fund (JASIF) for 32.4 billion baht in total.
True Corporation, the country's second largest mobile operator by subscriber base, has insisted its planned merger with industry peer Total Access Communication (DTAC) cannot be delayed from its timeline that targets completion by mid-June, despite a reshuffle of the telecom regulator's board.
An extraordinary House committee tasked with studying the impact of the merger between True Corporation and Total Access Communication (DTAC) plans to submit a letter to the cabinet on Wednesday suggesting the procedure be delayed because of legal ambiguities and questions about the regulator's power to deal with the issue.
The merger between True and Dtac is again seeing opposition as a government committee tasked with analysing the merger, will push to delay the deal because of legal ambiguities and questions about the Thai telecoms regulator’s authority on the deal.