Telecom Asia
 |
|
| Public | |
| Traded as | : TRUE |
| Industry |
Telecommunication Consumer electronics |
| Founded | 13 November 1990 |
| Headquarters | Huai Khwang, Bangkok, Thailand |
|
Area served
|
Thailand |
|
Key people
|
Suphachai Chearavanont (CEO) |
| Products |
Mobile phone Smartphones Set-top box Tablet computer |
| Services | Cable television, Mobile, Internet |
| Revenue |
 124 billion baht (2016)
|
| Total assets |
449 billion baht (2016)
|
|
Number of employees
|
23,000 |
| Parent | Charoen Pokphand Group |
| Subsidiaries | see Subsidiaries |
| Website | www |
True Corporation Public Company Limited (TRUE) is a communication conglomerate in Thailand. True controls Thailand's largest cable TV provider TrueVisions, Thailand's largest internet service provider True Internet and one of Thailand's largest mobile operators, TrueMove H, which is second only to AIS having surpassed Dtac in January 2017. As of August 2014, True, along with True Telecommunications Growth Infrastructure Fund, has a combined market capitalization of US$10 billion. TrueMove is also a partner of Vodafone Group.
True is a subsidiary of Charoen Pokphand Group, which holds 50.21% of True's shares as of March 2017. It operates fixed-line (as a concessionaire of TOT), wireless, Cable TV, IPTV and Broadband services.
True Corporation was established in 13 November 1990 as TelecomAsia. The company had partnership with Verizon. The company was listed on the on December 22, 1993. In 2001, TelecomAsia set up a mobile phone subsidiary with Orange SA. Orange sold off its stake in 2003 but the Orange brand was used until 2006.
In an effort to converge TelecomAsia's telecommunication business into a single brand, the company renamed itself to True Corporation in 2004, and streamlined its operations with subsidiaries Asia Infonet (renamed True Internet) and Orange (renamed True Move in 2006).
In 2005, True took a higher stake in UBC, Thailand's largest cable television provider that time, and renamed the company to UBC-True. On January 24, 2007 UBC-True was renamed TrueVisions.
On 8 May 2013, TrueMove H became Thailand's first mobile operator to provide 4G LTE commercial service on the 2100 MHz bandwidth.
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Wikipedia