TelecommunicationThai telecoms regulator allows $7.3bn True-DTAC merger
Agency hands market lead to CP Group subsidiary despite opposition
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
October 20, 2022 23:53 JST
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.