The news of the amalgamation of True Corporation Plc (True) and Total Access Communication (DTAC) should ring alarm bells about the downsides of unchecked capitalism.
The Charoen Pokphand (CP) Group is on the move again to swell further in size, weight and power over the market. Having recently acquired Tesco's operations when the British retailer sold out and exited Thailand and Malaysia, CP is now aiming to consolidate its grip on the telecommunications industry in a planned merger between its True Corporation and Total Access Communications (DTAC), the local subsidiary of Norway's Telenor. If successful, the merger would reduce Thailand's major telecom players from three to two and further concentrate market dominance over the telecom market to the detriment of consumer choice and welfare.
The merger of True Corporation Plc and Total Access Communication Plc (DTAC) will pull down the country's mobile business competition to a "perilous" situation and put consumers in jeopardy, according to the Thailand Development Research Institute (TDRI).
The merger of True Corporation Plc and Total Access Communication Plc (DTAC) will pull down the country's mobile business competition to a "perilous" situation and put consumers in jeopardy, according to the Thailand Development Research Institute (TDRI).
BANGKOK: The merger of True Corporation Plc and Total Access Communication Plc (DTAC) will pull down the country’s mobile business competition to a “perilous” situation and put consumers in jeop