True Corporation

For the Thailand's second and third–largest mobile network operators, see True–DTAC merger.

True Corporation
Company typePublic
SET: TRUE
IndustryTelecommunication
Consumer electronics
Predecessor
Founded13 November 1990; 34 years ago (1990-11-13)[1]
FounderSuphachai Chearavanont
Boonchai Bencharongkul
Headquarters
Bangkok
,
Thailand
Area served
Thailand
Key people
Manat Manavutiveth, CEO
ProductsMobile phone
Smartphones
Set-top box
Tablet computer
ServicesCable television, Mobile, Internet
RevenueDecrease 140.94 billion baht (2019)[2]
Decrease 7.1 billion baht (2019)[2]
Decrease 5.64 billion baht (2019)[2]
Total assetsIncrease 523.99 billion baht (2016)[2]
Total equityDecrease 126.02 billion baht (2019)[2]
Owners
Number of employees
23,000
Subsidiariessee Subsidiaries
Websitewww.true.th

True Corporation Public Company Limited (stylized as true) is a communications conglomerate in Thailand. It is a joint venture between Charoen Pokphand Group and Telenor, formed by the merger between the original True Corporation and DTAC in the form of equal partnership to create a new telecommunications company that can fully meet the needs of the digital age. True controls Thailand's largest cable TV provider, TrueVisions,[3] Thailand's largest internet service provider True Online,[citation needed] Thailand's largest mobile operators, TrueMove H and DTAC TriNet, which is second and third only to AIS.[4] and entertainment media including television, internet, online games, and mobile phones under the True Digital brand. As of August 2014, True, along with True Telecommunications Growth Infrastructure Fund, had a combined market capitalization of US$10 billion.[citation needed] TrueMove is also a partner of Vodafone Group.[5] Charoen Pokphand Group and Telenor hold equal ownership of 30% of True's shares as of March 2023.[6] It operates fixed-line (as a concessionaire of NT (formerly known as TOT)), wireless, cable TV, IPTV and broadband services.

  1. ^ Annual Registration Statement 2009 (56-1). True Corporation. Archived from the original on 3 March 2016. Retrieved 27 June 2010.
  2. ^ a b c d e "Financial Highlights". True Corporation. Retrieved 23 January 2021.
  3. ^ "ความใหญ่ที่แท้ทรู 'True Digital Park' ประกาศรายชื่อพันธมิตรยักษ์ใหญ่ มุ่งสร้าง Startup Ecosystem ครบวงจรที่สุด" (in Thai). Techsauce. 17 April 2018. Retrieved 29 April 2020.
  4. ^ Barton, James (25 April 2017). "True takes second place in Thai market as Dtac profits slump". Developing Telecoms. Retrieved 4 February 2018.
  5. ^ "Vodafone and Conexus Mobile Alliance Form Strategic Partnership". www.vodafone.com. Archived from the original on 21 November 2018. Retrieved 21 November 2018.
  6. ^ Shareinvestor. "Investor Relations". True. Retrieved 8 June 2017.