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Business deals

Thailand's Gulf Energy to take top InTouch stake in telecom push

Deal seen as move to bring Thaksin-founded company more firmly under local control

Gulf Energy, Thailand's largest private power producer by market value, is upping its stake in InTouch, a major telco.(Source photos by screenshot from Gulf Energy Development and Intouch Holdings websites) 

BANGKOK -- Thailand's Gulf Energy Development is set to fully enter the country's telecommunications industry after reaching a deal to take a hefty stake in mobile network operator InTouch Holdings.

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