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Search Result for “amalgamation”

Showing 1 - 10 of 90

BUSINESS

True's one-network strategy implementation completed

Business, Komsan Tortermvasana, Published on 30/10/2025

» True Corporation has implemented its one-network strategy through the complete integration of True and the now defunct Total Access Communication (dtac) telecom tower infrastructure and spectrum pooling.

BUSINESS

End of tariff uncertainty unlocks SET

Business, Tisco Securities, Published on 16/08/2025

» July was an unusual month for Thai equities as the low point of the month for the SET index occurred on the first day and the high point on the last day, with a wide trading range between 1,086.56 and 1,251.16 points.

BUSINESS

CP Axtra sees profit rise 5.8% in first half

Business, Published on 12/08/2025

» CP Axtra Plc, the operator of leading wholesale and retail brands Makro and Lotus's, reported total revenue of 259 billion baht in the first half of the year and a net profit of 4.93 billion baht, representing growth of 5.8% year-on-year.

BUSINESS

Gulf ramps up debt with B300bn fundraising plan

Yuthana Praiwan, Published on 02/06/2025

» SET-listed Gulf Development, Thailand’s largest power company by market value and a telecom operator, is to raise 300 billion baht to refinance and boost future investment after merging with Intouch Holding Plc, the parent firm of Advanced Info Service (AIS).

BUSINESS

New True chief vows to pay firm's 1st dividend in 25 years

Business, Komsan Tortermvasana, Published on 14/05/2025

» The newly appointed group chief executive of True Corporation has outlined his mission for the first 100 days, writing a new chapter for the telecom company by continuing its profitability, driving operations of trusted services, and strengthening data centre development.

BUSINESS

CP Axtra Q1 revenue hits B130bn

Business, Published on 12/05/2025

» CP Axtra Plc, the operator of leading wholesale and retail brands Makro and Lotus's, reported total revenue of 130 billion baht in the first quarter this year.

BUSINESS

Rating uplift boosts Gulf's confidence

Business, Yuthana Praiwan, Nuntawun Polkuamdee and Komsan Tortermvasana, Published on 04/04/2025

» Gulf Development Plc (Gulf), recently established through the merger of Gulf Energy Development Plc and Intouch Holdings Plc, expects bright business prospects, thanks to a better credit rating and continual financial support over the next five years.

BUSINESS

Tris upgrades Gulf on financial profile

Business, Published on 03/04/2025

» Tris Rating has upgraded the corporate credit rating of Gulf Development Plc from A+ to AA-, while its senior unsecured debentures were raised from A to AA-, with a stable outlook.

BUSINESS

Gulf Development allots B100bn budget

Business, Yuthana Praiwan, Published on 26/03/2025

» Gulf Development Plc, a new firm established by the merger of Gulf Energy Development Plc and Intouch Holdings Plc, is planning to spend 100 billion baht over the next five years synergising energy and telecom businesses, as well as developing a data centre facility.

BUSINESS

Intouch shareholders approve merger with Gulf

Reuters and Post Reporters, Published on 25/03/2025

» Shareholders of the SET-listed telecom company Intouch Holdings on Tuesday approved a merger with Gulf Energy, the power company controlled by billionaire Sarath Ratanavadi, clearing the way for a trillion-baht merger to go ahead.