Telenor taking over DTAC and Ucom: Bencharongkul clan plans new direction.
From: Bangkok Post (Bangkok, Thailand) Date: October 21, 2005
Byline: Srisamorn Phoosuphanusorn
Oct. 21--Norway's Telenor yesterday announced an indirect takeover of United Communication Industry and its mobile subsidiary Total Access Communication in a complex transaction under which the founding Bencharongkul family effectively exits its involvement in the Thai telecom sector.
Under the deal, Thai Telco Holdings, a 49 percent-owned subsidiary of Telenor, has purchased 173.3 million Ucom shares, or a 39.9 percent stake, from the Bencharongkul family for 53 baht a share or a total of 9.2 billion baht.
Telenor currently holds a ...
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COPYRIGHT 2005 Bangkok PostThis material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the
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