Home News Telecommunications

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
Photo: Bloomberg
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.