Thai carriers Total Access Communication (Dtac) and True Corp have completed their merger. Nordic operator Telenor, which partially ownes Dtac, said in a statement that the transaction is the largest telco merger in Southeast Asia by combined enterprise value.
The new company will have a combined subscriber base of around 51 million customers, surpassing Thailand’s current largest telco AIS, which has 43.7 million subscribers. The new entity will have an enterprise value of over $20 billion. The two groups said earlier this year the merged entity will retain only the True Corp brand.
