True Corporation
 |
|
| Public | |
| Traded as | : TRUE |
| Industry |
Telecommunication Consumer electronics |
| Founded | Thailand (November 13, 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 |
 US$3.5 billion (2014)[1]
|
|
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, its largest ISP True Internet and one of Thailand's largest mobile operators, TrueMove H, which is third only to AIS and Dtac. As of August 2014, True, along with True GIF, have a combined market capitalization of some US$10 billion. TrueMove is also partnered with Vodafone Group plc.
True Corporation was established in 1990 as TelecomAsia. The firm had a strategic 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 the venture in 2003 but the Orange brand was still used until 2006.
In an effort to converge all its existing telecommunications related business into a single brand, the company renamed itself True Corporation in 2004 and streamlined its operations with subsidiaries AsiaInfonet (renamed True Internet) and Orange (renamed True Move in 2006) amongst others. It operates fixed-line (as a concessionaire of TOT Plc), wireless, Cable TV, IPTV and Broadband services amongst others.
The company has aggressively pushed itself as an Internet service provider, a broadband and ADSL network. With more than 1 million subscribers, it is now Thailand's largest ISP.
In 2005, True took a higher stake in UBC, Thailand's largest cable television provider, and renamed the network UBC-True. On January 24, 2007 UBC-True was renamed TrueVisions and TrueVisions was renamed due to True Corporation Public Company Limited.
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Wikipedia