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True and Dtac merge to create biggest telco in Thailand

March 2, 2023


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.

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