dtac Transformation

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…

dtac and True customers can now enjoy network roaming services in all 77 provinces in Thailand

March 8, 2023 – dtac and True subscribers can now access network roaming services in all 77 provinces in Thailand, allowing them to enjoy even better and faster high-speed internet experiences while streaming their favorite movies, TV series, music, social media, live sessions, and much more. dtac subscribers can gain roaming on True’s 2600 MHz for 5G while True subscribers can gain roaming on dtac’s 700 MHz for both 4G and 5G services. Subscribers will also have access to even more Wi-Fi hotspots, providing an even better digital lifestyle experience. Mr. Prathet Tankuranun, Chief Technology Officer, True Corporation PLC, said, “We have optimized our spectrum portfolio to offer True Move H and dtac subscribers a superlative network experience and comprehensive coverage nationwide. Our network roaming service further enables us to deliver the best possible network experience to all our customers. We have a team of dedicated professionals in place to ensure the highest service standards and continue to enhance the network experience for our customers.” Based on the company’s recent survey conducted in 51 provinces, customers of both dtac and True have reported improved network experiences. In particular, dtac subscribers who utilized True's 2600 MHz 5G roaming services experienced an…

First Trading Day for TRUE Commencement Ceremony after the completion of the amalgamation on the Stock Exchange of Thailand

3 March 2023 - True Corporation Public Company Limited – SET: TRUE - today begins its first trading day after the completion of the amalgamation on the Stock Exchange of Thailand (SET). The Company is listed in the Information & Communications Technology sector and with an opening price of THB 8.35 in the technology industry Information and communication technology business category. The amount of the registered capital and the paid-up capital of 138,208,403,204 baht and the total number of issued equal to 34,552,100,801 shares, par value 4 baht per share. The trade commencement ceremony was presided over by Mr. Suphachai Chearavanont (5th from right) Chairman, Mr. Jorgen Christian Arentz Rostrup (3rd from right)Vice-Chair of the Board of Directors, Mr.Adhiruth Thothaveesansuk (2nd from right) Directors, Mr.Lars Erik Tellmann (right), Directors, Mr. Manat Manavutiveth(4th from right), Chief Executive Officer; Mr. Sharad Mehrotra (3rd from left), Deputy Chief Executive Officer; Mr. Nakul Sehgal (2nd from left) & Ms. Yupa Leewongcharoen (left) , Co-Chief Finance Officers. Dr. Pakorn Peetathawatchai (5th from left), President of the SET and Mr. Manpong Senanarong (4th from left) Senior Executive Vice President Head of Issuer & Listing Division of SET and all TRUE management team is also pictured offering his congratulation. A telecom-tech company, True…

True Corporation Opens New Chapter of Telecom-Tech “Better Together” synergy for infinite benefits from the best of both founding companies

dtac & True to create greater value propositions under the new 7 pillars covering every aspect Expertise from global partners - Telenor Group and CP Group - will strengthen the new company March 2, 2022 - The newly merged company True Corporation announced its vision to become Thailand’s leading telecom-tech company based on the strengths of its amalgamated companies. Under the concept of ‘Better Together,’ and ‘1+1 = infinity,’ the new company aims to ignite Thailand’s limitless possibilities with broader access to digital connectivity, technology investments and connected services. dtac and True have now completed their amalgamation process and received a commercial license from the Department of Business Development, Ministry of Commerce. The transaction is the largest telecommunications merger in Southeast Asia by combined enterprise value. The combined market capitalization, prior to the suspension of trading of True and dtac on the Stock Exchange of Thailand on 20 February, was THB 294 billion. The amalgamated company, named True Corporation, aims to advance the lives of Thai people, narrow the digital divide, and enable the digital transformation of local businesses. The company will be the market leader for mobile subscribers, with 33.8 million from TrueMove H and 21.2 million from dtac.…

dtac & True Amalgamation Complete Under New Corporate Name “True Corporation Public Company Limited”

March 1, 2023 – dtac and True have completed their amalgamation process by receiving their commercial license from the Department of Business Development, Ministry of Commerce under the name “True Corporation Public Company Limited”. This follows the joint shareholders meeting of dtac and True on 22 February 2023, which considered and resolved matters relating to the new company formed as a result of the amalgamation including registered capital, number of shares, share price, and paid-up capital. As of today (March 1, 2023), the new corporate name has been applied to the Department of Business Development, Ministry of Commerce for approval. Furthermore, the board of directors of the new company has appointed Mr. Manat Manavutiveth as the Chief Executive Officer and Mr. Sharad Mehrotra as Deputy Chief Executive Officer today.

Switching off by switching on: Consumers in Asia are turning to their mobiles to boost leisure pursuits – Telenor Asia study

Socialising online is the top use of the mobile phone, with mobile investing and social gaming set to grow. Online gaming goes mainstream due to mobile access. A staggering 80% of respondents play mobile games and one in three play every single day. More than half of Gen-Zs surveyed said that using their mobile phones for learninghas significantly improved their quality of life. February 6, 2023 – People across Asia are increasingly switching downtime pursuits into ‘up-time’ opportunities, according to the latest installment of a study into people’s Digital Lives by Telenor Asia. In Asia, people are socialising more online than they do in-person. Nearly half of the respondents said they meet new people regularly online and three-quarters of them expect to spend even more time socialising via social media apps in the coming years. People are also spending a good chunk of their leisure time tapping into mobile technology for online investing, social gaming as well as on-the-go learning apps and podcasts. In Thailand, the pandemic has led to a sharp increase in the time Thai people spend socialising online, which is seen as a positive development by the people we asked. 66% regularly meet new people online (47%…

A resilient performance in 2022 driven by strategic priorities despite a challenging external environment

31 January 2023 – Total Access Communication PLC., or dtac, reported ongoing growth momentum in subscriber acquisitions driven by improved network experience leading to better coverage. With ongoing efficiency measures and disciplined cost management, the company continued to deliver a solid EBITDA margin amidst increasing macroeconomic challenges. Sharad Mehrotra, dtac’s Chief Executive Officer, said, “dtac delivered a resilient performance in 2022 in the face of external challenges. In an already slow post-pandemic economic recovery, we faced increasing macroeconomic pressure from rising inflation and aggressive competition. Despite the external hurdles, dtac remained focused on delivering on its strategic ambitions for 2022. In our commitment to provide customers with a reliable network and improved experience, we continued to deploy low-band, adding over 6,300 new sites in the year, resulting in better indoor coverage, faster speed and improved connectivity. dtac’s Net Promoter Score (NPS) improved from 2021, while we registered lower network-related complaints. As a result of the better network experience, usage on both 4G and 5G continued to improve. dtac added 106,000 new subscribers in Q422, reaching a total of 21.2 million, an increase of 0.5% QoQ.” Nakul Sehgal, dtac’s Chief Financial Officer, said, “As a customer-centric challenger, dtac continued to deliver…

The dtac brand under the new company continues to grow beyond connectivity

Customers can enjoy a broader and more integrated product and service portfolio with seamless experiences Additional services including broadband internet, pay TV, and digital services Better 5G experiences and WiFi hotspots nationwide The major shareholders, Telenor and CP Group, aim for an equal ownership stake of around 30 percent in the new company January 13, 2023 – dtac is moving forward with the amalgamation process after the Boards of Directors of each of True and dtac called for a joint shareholder meeting in February, which should allow the companies to complete the transaction within the first quarter of 2023. Under the new company, dtac customers will be able to enjoy a broader portfolio and additional benefits, including improved 5G coverage, ultra-high-speed broadband internet, and enhanced service experiences. After the amalgamation is complete, the dtac brand will continue to operate separately in the market. The dtac brand under the new company will continue to offer existing products and services as well as a broader portfolio of attractive and accessible products and new service innovations that meet specific needs of customers, including mobile, broadband internet, pay TV, and digital services. Better 5G and WiFi Experiences Nationwide The dtac brand under the…

The Board of Directors of True and dtac have approved to convene the joint shareholder meeting on the amalgamation

January 12, 2023 - True Corporation (“True”) and Total Access Communication (“dtac”) have today notified the Stock Exchange of Thailand that the board of directors of the two companies have approved to call a joint shareholder meeting (“JSM”) on 23 February of 2023. The Joint Shareholder meeting will consider and approve corporate matters related to the amalgamation. The parties aim to complete the transaction within the first quarter of 2023. Until the amalgamation is completed, both companies continue to operate separately. The suggested name of the amalgamated company will be True Corporation Public Company Limited. True and dtac are both strong brands in the mobile telecommunications space, with the True brand having additional existing positions and recognition in broadband and TV distribution. dtac will continue as a separate brand, offering consumers a broad choice of services with highly competitive offerings. The Board of Directors of True and dtac have proposed for the JSM to elect Mr. Suphachai Chearavanont, Mr. Jørgen Arentz Rostrup, Prof. Dr. Kittipong Kittayarak, Mrs. Kamonwan Wipulakorn, Mr. Kalin Sarasin, Mrs. Pratana Mongkokul, Mr. Adhiruth Thothaveesansuk, Dr. Gao Tongqing, Mrs. Tone Ripel, Mr. Lars Erik Tellmann and Dr. Teerapon Tanomsakyut, as board of directors of the new amalgamated…

dtac notifies SET that the Tender Offerors have declined the Voluntary Tender Offer; parties remain committed to the amalgamation

November 22, 2022 - Total Access Communication Plc. or dtac has informed the Stock Exchange of Thailand that the companies jointly owned by Telenor and CP Group (Citrine Global Company Limited and Citrine Venture SG Pte. Ltd), have declined the Voluntary Tender Offer (VTO) to the shareholders in dtac and True in compliance with law. Companies jointly owned by Telenor and CP Group announced a VTO to purchase the shares in dtac and True under the tender offer regulation of the Securities and Exchange Commission of Thailand. The VTO was made subject to conditions precedent which have not been met within the one-year period. Therefore, in line with the tender offer regulations, the parties have denounced their intention to carry out the VTO. The shareholders and investors of True and dtac can continue to trade shares in the market or remain as shareholders in the new company, which will be listed on the Stock Exchange of Thailand. The parties are working on concluding necessary assessments to proceed with the amalgamation and finalize the transaction within the first quarter of 2023. The new company as a Telecom-tech company will have more opportunity to serve customers and increase value of investment for…

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