Thai Billionaire Dhanin’s Son Buys Telenor’s Stake In Mobile Carrier True For $3.9 Billion

Telenor Sells $3.9 Billion Stake in Thailand’s True to Arise

Thai Billionaire Dhanin’s Son Buys Telenor’s Stake In Mobile Carrier True For $3.9 Billion

True has been scaling up its digital businesses in recent years, partnering with BlackRock in a $1 billion data center venture and rolling out its 5G network across Thailand.

Telenor selling stake in True Corp for $3.9 billion

OSLO - The Norwegian telecom operator Telenor said on ‌Thursday ​that it had agreed to sell its stake in True Corporation of Thailand for a total ‌of 39 billion Norwegian crowns (123 billion baht or $3.9 billion).

Telenor to exit Thailand after 25 years, selling True stake for about NOK 39 billion

Telenor has entered into an agreement to sell its ownership stake in Thailand’s leading telecom operator True Corporation, ending a 25-year presence in the Thai market. According to a stock … The post Telenor to exit Thailand after 25 years, selling True stake for about NOK 39 billion appeared first on Scandasia.

Norway’s Telenor exits True with a huge profit since 2021 merger as Chearavanont family tightens control

Telenor agreed to sell its True Corporation stake for $3.9bn, exiting Thailand as Suphachai Chearavanont’s Arise takes control. Shares slid 14.5% on heavy trade, while… Read More › The post Norway’s Telenor exits True with a huge profit since 2021 merger as Chearavanont family tightens control appeared first on Thai Examiner.