{"id":799188,"date":"2021-11-22T10:32:41","date_gmt":"2021-11-22T10:32:41","guid":{"rendered":"https:\/\/telecomlive.in\/web\/2021\/11\/22\/telenor-and-cp-group-to-merge-thai-telecom-units-for-8-6-billion\/"},"modified":"2021-11-22T10:32:41","modified_gmt":"2021-11-22T10:32:41","slug":"telenor-and-cp-group-to-merge-thai-telecom-units-for-8-6-billion","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2021\/11\/22\/telenor-and-cp-group-to-merge-thai-telecom-units-for-8-6-billion\/","title":{"rendered":"Telenor and CP Group to merge Thai telecom units for $8.6 billion"},"content":{"rendered":"<p>Norway&#8217;s Telenor and Thailand&#8217;s Charoen Pokphand Group (CP Group) have agreed to merge their telecom units in Thailand, the Oslo-based company said in a statement on Monday, in a deal valued at about 282.8 billion baht ($8.61 billion).<\/p>\n<p>The deal, which Telenor had flagged on Friday, would merge the telecom operations of Telenor&#8217;s Total Access Communication (Dtac) and CP Group&#8217;s True Corporation.<\/p>\n<p>The offer of 47.76 baht ($1.45) a share represents a premium of 15.8% to Dtac&#8217;s last close as of Friday and the offer of 5.09 baht ($0.1549) a share represents a premium of 17.8% to True&#8217;s close on Friday.<\/p>\n<p>Telenor and C.P. group will aim for an ownership share of around one-third each in the merged entity, the company said.<\/p>\n<p>Shares of both Dtac and True were up on Monday.<\/p>\n<p>The combined company will be listed on the Thai stock exchange.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Norway&#8217;s Telenor and Thailand&#8217;s Charoen Pokphand Group (CP Group) have agreed to merge their telecom units in Thailand, the Oslo-based company said in a statement on Monday, in a deal valued at about 282.8 billion baht ($8.61 billion). The deal, which Telenor had flagged on Friday, would merge the telecom operations of Telenor&#8217;s Total Access Communication (Dtac) and CP Group&#8217;s True Corporation. The offer of 47.76 baht ($1.45) a share represents a premium of 15.8% to Dtac&#8217;s last close as of Friday and the offer of 5.09 baht ($0.1549) a share represents a premium of 17.8% to True&#8217;s close on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-799188","post","type-post","status-publish","format-standard","hentry","category-telecom"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/799188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=799188"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/799188\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=799188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=799188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=799188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}