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Thailand's AIS acquires broadband internet provider 3BB

Telcom spends $908m to grab bigger market share ahead of rivals' megamerger

AIS will buy a 99.87% stake in 3BB, a leading broadband internet provider. (Source photos by Yumi Kotani and screenshot from Triple T's website)

BANGKOK -- Thailand's biggest mobile phone operator Advanced Info Service (AIS) will spend a total of 32.4 billion baht ($908 million) to acquire shares of an internet service operator and infrastructure provider to expand its customer base ahead of a huge merger planned by rivals True Corp. and Total Access Communication (DTAC).

AIS will buy a 99.87% stake in internet service provider 3BB for 19.5 billion baht.

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