Thai Billionaire Sarath To Merge Listed Energy, Telecom Units

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Thailand أخبار

Telecom,Gulf Energy,Billionairre

I have over 15 years of experience in financial journalism with the world’s leading wire service agencies, including Dow Jones Newswires and Reuters, and a two-year stint as equity analyst at foreign brokerage firms in Thailand.

Billionaire Sarath Ratanavadi is merging his Bangkok-listed Gulf Energy Development PCL with Intouch Holdings, which controls Thailand’s second largest mobile phone operator by subscribers, Advanced Info Service.

Under the plan, the two companies will merge and form a new company with a simpler shareholding structure, Gulf Energy said “This will help increase efficiency which will enhance flexibility of the business and potential for future business growth,” Gulf said in a statement.

 

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