BANGKOK (Reuters) -Norway's Telenor and Thai conglomerate Charoen Pokphand Group (CP Group) have agreed to merge their telecom units in Thailand in an $8.6 billion deal to create a firm with just over half the mobile subscribers in the Southeast Asian country. The deal, subject to regulatory approvals, will see Telenor and CP Group each owning a third of the combined company, with stock market investors holding the rest. Telenor will merge its majority-owned Total Access Communication (Dtac) with CP Group's True Corporation at an exchange ratio of 10.221 True shares per Dtac share.
(Oslo/Bangkok, 22.11.2021) C.P. Group and Telenor Group announced today that they have agreed to explore the creation of a new telecom-tech company comprising of True and dtac. The new company will be a merger of equals, and bring the best of the two local companies, with the support of its key sponsoring shareholders. The new company will be a leading telecommunications service provider with capabilities to accelerate Thailand’s progressive digital technology agenda in terms of network performa
(Fornebu, 16 November 2021) Rita Skjærvik has been appointed EVP Group Strategy and External Relations and will become member of Telenor’s Group Executive Management team as of 1 December. Skjærvik has since 1 June 2020 headed the unit Group Strategy & External Relations in Telenor, being responsible for strategy, research, and external relations. From 1 December Group Compliance will be part of the unit and Skjærvik will in her new capacity as EVP be a member of Telenor Group’s Executive Manage