True Corporation Plc. reports ongoing growth momentum in subscriber acquisition driven by improved network experience and diverse product offerings amidst macroeconomic challenges driven by higher inflation
Bangkok, 10 May 2023 –True Corporation PLC (TRUE) was assigned an “A+” rating, reflecting the credit profile as the newly formed entity as the result of the amalgamation. Manat Manavutiveth, True Corporation’s Chief Executive Officer, said, “2023 marks a milestone achievement for our company as we complete the amalgamation between Total Access Communication Plc. and True Corporation Plc. The new True Corporation Plc. embarked on its journey to become the telecom-tech leader of Thailand, committing to the highest governance standard, fostering a digital ecosystem and inclusive society for all. As a result of the amalgamation, customers of dtac and True are now benefiting from improved network quality, and access to high speed 5G with 2600 MHz and better 4G/5G coverage on 700 MHz in all 77 provinces of the country. Customers are also able to enjoy a higher and more diverse range of products and services as well as privileges offered under both brands, leading to cross-selling and upselling opportunities. Since the completion of the amalgamation, True Corporation has successfully established a single organization structure and way of work, enabling the execution of our integration plan and achievement of short-term synergies.” True Digital Solutions revenue increased 92% YoY, mainly driven…