Controversial DTAC–True Thai mobile merger approved by stakeholders

In November last year, Total Access Communication (DTAC) and True announced they would seek to merge their businesses, a move that would shrink the number of mobile players in Thailand from three to two. 
The deal would be worth an estimated $7.5 billion, creating a new market leading entity with roughly 50 million subscribers and a 53.4% market share. 
AIS, with 44 million subscribers, would control the rest of the market. 
The shareholders of both True and DTAC approved the merger yesterday, meaning the fate of the merger now rests solely in the hands of Thailand&rsquo…

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