Thai telecoms group Jasmine International has today received regulatory approval for an initial public offering (IPO) of its Jasmine Broadband Internet Infrastructure Fund, with the company’s Thai broadband access network (operated via Triple T Broadband) and fibre-optic transmission cables forming part of the fund’s assets. Reuters reports that the fund is expected to be worth a total of up to THB58 billion (USD1.78 billion), with Jasmine holding 33.33% in the first three years, according to a statement, while Bualuang Securities is acting as financial adviser for the listing (itself previously reported to be worth THB37 billion–THB39 billion). Previous reports added that Morgan Stanley is the international global co-ordinator for the IPO.
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