Thailand’s True Seeks Foreign Partner for Southeast Asia Expansion

BANGKOK — Thai telecommunications group True Corp PCL wants to take on a foreign partner in the second half of this year to help it expand in Southeast Asia, its chief executive said on Thursday. True Corp, controlled by Thailand’s richest man Dhanin Chearavanont, plans to offer any potential partner new shares equivalent to about […]

Myanmar’s State-Backed Telcos Seek Backing to Take on New Rivals

Burma’s two state-backed telecommunications operators are seeking investors to put in more than US$1 billion as they prepare to compete with foreign newcomers, Norway’s Telenor and Qatar’s Ooredoo. Telenor and Ooredoo won the bidding for two new licenses in June to provide telecoms services in the country but are still waiting for final approval, expected […]