Opposition grows to Thailand's telecom megamerger

Regulator's supervisor raises objections to True-DTAC deal

True and DTAC will still need the nod from their shareholders as well as the Thai telecom regulator to create the country's largest mobile telecom company. (Source photos by Reuters and Keiichiro Asahara)

MASAYUKI YUDA, Nikkei staff writer

March 29, 2022 15:03 JST

BANGKOK -- A megamerger of Thailand's second- and third-largest mobile telecommunications operators, True and Total Access Communication (DTAC), was sideswiped last week as a supervisory authority urged the country's telecom regulator to stop the deal for the good of consumers.

The authority's interruption could delay the completion of the deal, currently projected for the third quarter.