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Singtel's Thai associate AIS to acquire broadband businesses for $1.27 bil

The Edge Singapore
The Edge Singapore7/4/2022 09:31 AM GMT+08  • 1 min read
Singtel's Thai associate AIS to acquire broadband businesses for $1.27 bil
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Singapore Telecommunication’s Thailand-based associate, Advanced Info Service, is acquiring two broadband entities for 32.42 billion baht ($1.27 billion).

First, AIS, via its 99.99% held subsidiary Advanced Wireless Network, is paying 19.5 billion baht for Triple T Broadband. The seller is Jasmine International.

Next, AIS is acquiring a 19% stake in Jasmine Broadband Internet Infrastructure Fund held by Jasmine International for 12.92 billion baht.

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