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Thailand's Gulf Energy plans $5.4 billion bid for control of nation's biggest mobile operator | WSAU News/Talk 550 AM · 99.9 FM


By Syndicated Content
By Patpicha Tanakasempipat
BANGKOK (Reuters) - Thailand s Gulf Energy Development Pcl is planning a $5.4 billion buyout of Intouch Holdings which controls the country s biggest mobile operator Advanced Info Service Pcl (AIS).
Bangkok-based Gulf Energy, which owns 18.9% of Intouch, said in a filing it had offered to buy the rest of the shares for 65 baht per share, 11% higher than its previous close.
If Gulf is able to secure at least 50% of Intouch, it will also offer to buy out AIS, it said in a statement. Intouch owns 40.45% of AIS.
Intouch, it said, had high potential to generate cash flow given AIS growth potential and would generate returns in the form of dividends regularly and continuously over the long term. ....

Krung Thep Mahanakhon , Patpicha Tanakasempipat , Thaicom Pcl , Sarath Ratanavadi , Edwina Gibbs , Info Service Pcl , Singapore Telecommunications , True Corp , Gulf Energy , Thailand Gulf Energy Development Pcl , Intouch Holdings , Gulf Energy Development Pcl , Advanced Info Service Pcl , Total Access Communication , எட்வினா கிப்ஸ் , தகவல் சேவை பல் , சிங்கப்பூர் தொலைத்தொடர்பு , வளைகுடா ஆற்றல் , தாய்லாந்து வளைகுடா ஆற்றல் வளர்ச்சி பல் , தொடர்பில் ஹோல்டிங்ஸ் , வளைகுடா ஆற்றல் வளர்ச்சி பல் , மொத்தம் நுழைவு தொடர்பு ,

Gulf Energy plans $5.4 bln move on Thai mobile operator


Article content
BANGKOK Thailand’s Gulf Energy Development Pcl is planning a $5.4 billion buyout of Intouch Holdings which controls Advanced Info Service Pcl (AIS), the country’s top mobile operator.
Bangkok-based Gulf Energy, which owns 18.9% of Intouch, said in a filing it had offered to buy the rest of the shares for 65 baht per share, 11% higher than its close on Friday.
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Gulf Energy plans $5.4 bln move on Thai mobile operator Back to video
The $5.4 billion bid if successful would be the second largest M&A deal in Thai history, behind only Tesco’s $10.6 billion sale of its local operations last March, Dealogic data showed. ....

Krung Thep Mahanakhon , Thaicom Pcl , Info Service Pcl , Gulf Energy , Thailand Gulf Energy Development Pcl , Intouch Holdings , Gulf Energy Development Pcl , Advanced Info Service Pcl , தகவல் சேவை பல் , வளைகுடா ஆற்றல் , தாய்லாந்து வளைகுடா ஆற்றல் வளர்ச்சி பல் , தொடர்பில் ஹோல்டிங்ஸ் , வளைகுடா ஆற்றல் வளர்ச்சி பல் ,