Thai telecoms regulator allows $7.3bn True-DTAC merger

Agency hands market lead to CP Group subsidiary despite opposition

20221011 true and dtac

True and DTAC have said their aim in merging is not to raise prices but to invest jointly in Thailand's digital transformation. (Source photos by Ken Kobayashi)

FRANCESCA REGALADO, Nikkei staff writer

BANGKOK -- Thailand's telecom regulator declined on Thursday to halt a merger that will create the country's largest network operator, in effect turning the local market into a duopoly despite opposition from industry experts, competitors, consumer groups and politicians.

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