True confident on merger with Dtac, despite lawsuit

True confident on merger with Dtac, despite lawsuit

Thai operator True Corp said it expects no impact to its operations or merger with Dtac, as the National Broadcasting and Telecommunications Commission (NBTC) faces an order to review a lawsuit in regards to its approval to the merger. 

In a statement, True said five individuals filed a lawsuit against the merger, and mirrored prevous cases that the Administrative Court declined request for injunctions. 

If True and Dtac were to merge, it would create the largest operator in Thailand by subscriber numbers, leapfrogging current market leader AIS. 

The Thai Supreme Administrative Court was ordered the Central Administrative Court to accept a lawsuit requesting the withdrawal of NBTC’s resolution that acknowledges the merger. 

True said the case will have no effect on its amalgamation with Dtac as its merger had “been completed in accordance with all relevant laws and processes in similar to the past amalgamation of the other public limited companies in telecommunications business.”

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