True USD473m rights issue funding 3G

14 Jun 2011

Thai quadruple-play telecoms group True Corp has raised THB14.5 billion (USD473 million) in a rights offering, which it will use to fund its cellular division True Move’s planned 3G mobile expansion, the company announced. The oversubscribed offer beat the firm’s target of raising THB13.1 billion.

Thailand, True Corp, True Move