True Corporation Public Company Limited 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,
True Move, 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.
History True Corporation was established in 1990
as TelecomAsia. The firm had a strategic partnership with Verizon. The company
was listed on the Stock Exchange of Thailand 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 and Orange amongst others. It operates fixed-line,
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.
Today, True Corporation Public Company Limited, has pushed communication
businesses into one brand, "True", promoting the companies in the form of
True Convergence. On 8 May 2013, True Move officially
launched its 4G LTE commercial service on the 2100 MHz bandwidth. This has made
it become the first mobile operator in Thailand to offer 4G LTE service on the
2100 MHz spectrum. As of 15 May 2013, the company plans to roll out 300 4G
base stations in central Bangkok and 2000 more in 15 major provinces later
this year. True is also available in Cambodia,
Laos, Vietnam and Malaysia. On September 11, 2014, it was announced
that China Mobile, with whom True Corporation formed the strategic
partnership, agreed to purchase 18% of its share for a deal approximately
US$881 million, subject to shareholders' approval.
On November 13, 2014, Truemove-H was announced to increase its investment.
10,000 million Baht to expand its 4G LTE network covers 80% of the entire
population by June 2015. In June 2015 Suphachai Chearavanont,
True's President and CEO was presented with the “2015 Frost & Sullivan Asia
Pacific Telecom CEO of the Year” award at The Asia Pacific ICT Awards in
Singapore for his leadership and outstanding achievements in developing
the telecommunications industry within the Asia Pacific region. In the same
month, Suphachai was elected President of The Telecommunications Association of
Thailand under The Royal Patronage. Subsidiaries
True Corporation includes the following subsidiaries:
Mobile business True Move Co., Ltd.
Real Move Co., Ltd. True Move H Universal Communication Co.,
Ltd. BFKT Limited
Broadband/fixed line business Asia Infonet Co., Ltd.
Asia Wireless Communication Co., Ltd. KSC Commercial Internet Co., Ltd.
MKSC World Dot Com Co., Ltd. True International Communication Co.,
Ltd. True International Gateway Co., Ltd.
True Internet Co., Ltd. True Public Communication Co., Ltd.
True Universal Convergence Co., Ltd. Pay TV business
BEC-TERO True Visions Co., Ltd. Click TV Co., Ltd.
Satellite Service Co., Ltd. Thai News Network Co., Ltd.
True4U Station Co., Ltd. True Visions Plc.
True Visions Cable Plc. True Visions Group Co., Ltd.
True Vistas Co., Ltd. Content, lifestyle and other businesses:
AP&J Production Co., Ltd. Cineplex Co., Ltd.
Panther Entertainment Co., Ltd. SM True
True Digital Media Co., Ltd. True Distribution & Sales Co., Ltd.
True IContent Co., Ltd. True Information Technology Co., Ltd.
True Life Plus Co., Ltd. True Money
True Multimedia Co., Ltd. True Music Co., Ltd.
True Music Radio Co., Ltd. True Touch Co., Ltd.
True United Football Club Co., Ltd. True Voice Co., Ltd.
Transformation Films Co., Ltd. True GS Co., Ltd.
Thai Smart Card Co., Ltd. References
External links True Corporation