True-dtac shareholders approve the merger of True-DTAC – TheReporter.asia

True notifies the resolutions of the 2022 Annual General Meeting of Shareholders to approve the merger of True and DTAC reflecting the confidence in moving forward the business to become a Technology Company with competitive potential able to grow and create sustainable benefits for Thai people. The merger is still under consideration by various agencies. related in accordance with the procedures prescribed by law

Mr. Manas Manavudivej, President (Co) of True Corporation Plc., said that today (4 April 2022) at the 2022 Annual General Meeting of Shareholders approved the merger of True and DTAC. In this regard, the Company would like to thank the shareholders for trusting in their potential and understanding the commitment of the Company. to develop the telecommunication business to become a full-fledged Technology Company To enhance business capabilities amid the challenges of the rapidly changing telecommunication market and new technologies. by technology companies emerging from this merger To be a leader not only in high quality telecommunication network

but also the cutting-edge digital technology both artificial intelligence Cloud Technology IoT Smart City digital media solution Space technology education for business applications as well as promoting the creation of a business ecosystem and technology to support startup businesses in Thailand. Create benefits and maximize value for our customers, shareholders, partners and all stakeholders. It is also driving the development of digital technology in Thailand. both in terms of network, innovation and investment, which are in line with the Thailand 4.0 strategy

However, the merger is still under consideration by various departments. related in accordance with the procedures prescribed by law In the meantime True continues to serve customers as usual as usual.

dtac notifies the progress Shareholders approve the mergerDirector of dtac–true

Total Access Communication Public Company Limited or dtac announced the shareholders approved the merger proposal of dtac and True. From the Extraordinary General Meeting of Shareholders no. 1/2202), which is an important step in the establishment of the company. Technology-Telecommunication to build strength to the digital agenda of Thailand Offer new services to customers and accelerating the development of the skills of personnel ready to serve the new generation of customers

In addition to today’s shareholder approval The merger is still subject to review and creditor notice. Regulatory agencies, including the Office of the Broadcasting Commission television business and the National Telecommunications Commission or NBTC, which was notified on January 25, 2022 of the intentions of True and dtac in the merger.

Mr Charad Mehrotra Chief Executive Officer of Total Access Communication Public Company Limited or DTAC said, “Technology companies – telecommunication. It will offer 5G services with network quality. that covers the use Reliability, speed, and value-based service with improved customer care. We would like to thank the shareholders for their trust in approving this merger. Technology-Telecommunication company has a business plan to meet increasing customer expectations. Along with dealing with the challenges of the rapidly changing global market. raising the level of Thailand to be a leader in the digital world By combining technological advances with customer-attracting services. ready to offer superior products.”

The merger process is expected to take place in the second half of this year. In the meantime, dtac’s customers will not be affected. Customers can still buy our products and services. and use the company’s services as usual

More details about the merger Please consider the Information Memorandum on the Amalgamation which the Company disclosed to the Stock Exchange of Thailand on February 18, 2022.