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    DTAC   TH0554010Z06

TOTAL ACCESS COMMUNICATION PUBLIC COMPANY LIMITED

(DTAC)
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Thai regulator monitoring $8.6 billion merger of Telenor's Dtac and True Corp

11/24/2021 | 04:21am EST
FILE PHOTO: Man walks next to logo of the DTAC Public Company Limited and logo of True Corp. in Bangkok

BANGKOK (Reuters) - Thailand's telecommunications regulator on Wednesday said it was closely monitoring the proposed merger of Telenor ASA's Total Access Communication Pcl and Charoen Pokphand Group's (CP Group) True Corporation Pcl.

"On the merger, the agency will closely follow and investigate for the benefit of the public and country," the agency's acting secretary-general, Trairat Wiriyasirikul, said in a statement.

Telenor and conglomerate CP Group on Monday announced an $8.6 billion deal to merge their Thai telecom units. The new entity would compete with market leader Advanced Info Service Pcl (AIS).

The agency sees this issue as important and may affect competition in the telecommunication industry and users, Thailand's National Broadcasting and Telecommunications Commission said in a statement.

"The agency will request that the companies clarify the need for a merger, the action plan and merger time frame, including the impact to users and the market, and potential remedies."

Telenor's chief financial officer Tone Hegland Bachke on Monday said the company was positive the merger would receive regulatory approval.

(Reporting by Chayut Setboonsarng; Editing by Ed Davies)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
TELENOR ASA 0.35% 143 Real-time Quote.2.81%
TOTAL ACCESS COMMUNICATION PUBLIC COMPANY LIMITED 0.00% 45.5 End-of-day quote.-0.55%
TRUE CORPORATION PUBLIC COMPANY LIMITED -0.85% 4.64 End-of-day quote.-2.93%
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Financials
Sales 2021 79 429 M 2 404 M 2 404 M
Net income 2021 4 023 M 122 M 122 M
Net Debt 2021 70 798 M 2 143 M 2 143 M
P/E ratio 2021 27,1x
Yield 2021 3,70%
Capitalization 108 B 3 260 M 3 261 M
EV / Sales 2021 2,25x
EV / Sales 2022 2,46x
Nbr of Employees -
Free-Float 24,8%
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Technical analysis trends TOTAL ACCESS COMMUNICATION PUBLIC COMPANY LIMITED
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 17
Last Close Price 45,50 THB
Average target price 47,26 THB
Spread / Average Target 3,86%
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Managers and Directors
Sharad Mehrotra Chief Executive Officer
Nakul Sehgal Chief Financial Officer
Boonchai Bencharongkul Chairman
Prathet Tankuranun Chief Technology Officer
Thanatt Louhalertdecha Head-Ethics & Compliance Officer
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