Thailand telecom merger faces delay, Norway’s Telenor says

A planned merger of Thai telecoms firms DTAC and True Corporation will not take place as planned this year, but may still go ahead in the first quarter of 2023, DTAC majority owner Telenor said on Tuesday.

Plans for a new industry leader in Thailand, with a market share of more than 50% of mobile subscribers, have been held up over competition concerns since they were announced in November last year.

The plan originally set a one-year deadline for carrying out a voluntary tender offer that would allow the $8.6 billion merger to go ahead, but this condition was not met, Norway’s Telenor said.