Overview
- Telenor signed definitive agreements to sell 24.95% of True Corporation to Arise Digital, owned by Suphachai Chearavanont, at THB 11.70 per share.
- A mutual put/call gives either party the right to transact Telenor’s remaining 5.35% two years after closing at the higher of THB 11.70 per share or the then market price.
- The agreement values Telenor’s overall True stake at about NOK 39 billion, with initial proceeds of THB 100.9 billion (approximately NOK 32.3 billion).
- Telenor expects an accounting gain of roughly NOK 14.7 billion at closing, with completion subject to customary conditions and expected within months, and it will outline use of proceeds with Q4 2025 results on 6 February 2026.
- True, formed from the 2023 dtac–True merger, is Thailand’s largest telecom-tech company with around 60 million customers and the transaction price represents a premium to key historical benchmarks.