Shareholders of Thai quadruple-play telecoms group True Corp today approved a previously announced plan to sell an 18% stake in the company to China Mobile, the world’s largest cellular operator by users, which has agreed to pay USD881 million for newly issued shares in True. As reported by Reuters, the share sale is part of True Corp’s plan to raise funds via a USD2 billion equity issue, and it plans to use USD1.63 billion from the proceeds to repay debt, with the remainder earmarked for network investment.
Subscribe to CommsUpdate to get the dayâ€™s top telecom headlines delivered to your email.
Have feedback, corrections, or story ideas? Send them to firstname.lastname@example.org.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors