True completes takeover of cableco

27 Mar 2006

Thai full service telecoms provider True Corp has completed its takeover of cable and satellite pay-TV company United Broadcasting Corp (UBC), raising its holdings via affiliated companies to 98.33% from its previous 72.86%. The consolidation will enable True to increase convergence of its range of fixed line, broadband and mobile services, and is expected to speed up the development of triple play voice, internet and TV services.

Thailand, True Corp