Dtac applies to raise funds in bond offering - Mobile World Live

Dtac applies to raise funds in bond offering

07 JUN 2022

Dtac unveiled plans to issue bonds in July to raise capital to pay down its debt and invest in infrastructure, as the Thailand operator awaits approval from authorities for a proposed merger with True Corp.

In a statement, CEO Sharad Mehrotra noted a subsidiary filed documents with the Securities Exchange Commission of Thailand seeking permission to offer the bonds, adding the maturity date, rate of return and subscription details will be announced later.

The company didn’t disclose the amount it expects to raise in the bond offering.

Dtac said it is preparing to offer senior unsecured bonds to institutional investors and high-net-worth investors.

The tie-up with True Corp, which would create the largest operator in the country by subscribers, faces rising opposition over competition concerns, as it would leave the market with just two major players.

The merger is opposed by Napat Winitchaikul, a member of National Broadcasting and Telecommunications Commission’s supervisory committee and the Thailand Consumer Council.

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Joseph Waring

Joseph Waring joins Mobile World Live as the Asia editor for its new Asia channel. Before joining the GSMA, Joseph was group editor for Telecom Asia for more than ten years. In addition to writing features, news and blogs, he...

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