Thailand's AIS acquires broadband internet provider 3BB

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.