TRDI thinks True vs DTAC suit bound for failure

Melissa Chua
30 Jun 2011
00:00

A Thailand think tank believes True’s move to get rival DTAC censured for flouting foreign ownership laws will fail.

Deunden Nikomborirak, director at the Thailand Development Research Institute (TRDI) believes the many loopholes in the country’s foreign business act make True’s suit unlikely to yield concrete judgment.

Nikomborirak told the Bangkok Post that foreign ownership rules should be relaxed so the firms could form strategic international alliances.

Laws in Thailand dictate no more than 49% of a firm operating in the country should be foreign-held.

Nikomborirak warned of a monopoly by third-placed True should foreign ownership rules be enforced to the point that DTAC and market leader AIS exit the market.

DTAC is owned by Norwegian firm Telenor while Singapore’s Temasek Holdings controls AIS.

Nikomborirak added the TRDI would bank any amendments to the law for the benefit of the telecom industry.

Related content

Follow Telecom Asia Sport!
Comments
No Comments Yet! Be the first to share what you think!
This website uses cookies
This provides customers with a personalized experience and increases the efficiency of visiting the site, allowing us to provide the most efficient service. By using the website and accepting the terms of the policy, you consent to the use of cookies in accordance with the terms of this policy.