Thailand's DTAC and True to merge, pursue tech businesses

Major Thai telecoms companies DTAC and True Corp. plan to merge to pursue opportunities in the tech sector, their parent companies said Monday. Norway’s Telenor Group, parent company of DTAC, and Charoen Pokphand (CP) Holding, the parent firm of True, notified the Stock Exchange of Thailand that their joint venture, Citrine Global Company, will make an offer for all shares of the two telecom companies.