Controversial DTAC–True Thai mobile merger approved by stakeholders

In November last year, Total Access Communication (DTAC) and True announced they would seek to merge their businesses, a move that would shrink the number of mobile players in Thailand from three to two. The deal would be worth an estimated $7.5 billion, creating a new market leading entity with roughly 50 million subscribers and a 53.4% market share. AIS, with 44 million subscribers, would control the rest of the market. The shareholders of both True and DTAC approved the merger