Khun Suphachai Chearavanont, owner of Arise and Benedicte Schilbred Fasmer, CEO Telenor Group After 25 successful years in Thailand, Telenor has agreed to sell its stake in True Corporation for a total value of approximately NOK 39 billion. Telenor Group has signed an agreement with Arise Digital Technology Company Limited, a company owned by Khun Suphachai Chearavanont, to sell 24.95 percent of the shares in True at THB 11.70 per share. In addition, Arise and Telenor have agreed a mutual put/call option for the sale of the remaining 5.35 percent two years after closing of the initial sale at the higher of THB 11.70 per share and the market price prior to the term of the option. “We are pleased to have reached an agreement with Arise about the sale of our stake in True and I would also like to extend a special thanks to True’s employees and customers. We are confident that the engaged people in True will continue to grow and innovate for its aroun...
A Lifestyle blog with infinity knowledge of Technology.