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True Corporation Public Company Limited (TRUE) is a communications conglomerate in
Thailand Thailand ( ), historically known as Siam () and officially the Kingdom of Thailand, is a country in Southeast Asia, located at the centre of the Indochinese Peninsula, spanning , with a population of almost 70 million. The country is bo ...
. True controls Thailand's largest cable TV provider,
TrueVisions TrueVisions is a cable and satellite television operator in Thailand. TrueVisions is owned by the True Corporation. Until February 2007, it was called the United Broadcasting Corporation (UBC), or UBC-True. History International Broadcasting ...
, Thailand's largest internet service provider True Internet and one of Thailand's largest mobile operators, TrueMove H, which is second only to
AIS AIS may refer to: Medicine * Abbreviated Injury Scale, an anatomical-based coding system to classify and describe the severity of injuries * Acute ischemic stroke, the thromboembolic type of stroke * Androgen insensitivity syndrome, an intersex ...
. As of August 2014, True, along with True Telecommunications Growth Infrastructure Fund, had a combined market capitalization of US$10 billion. TrueMove is also a partner of
Vodafone Group Vodafone Group plc () is a British multinational telecommunications company. Its registered office and global headquarters are in Newbury, Berkshire, England. It predominantly operates services in Asia, Africa, Europe, and Oceania. , Vodafon ...
. True is a subsidiary of
Charoen Pokphand Group The Charoen Pokphand Group Company, Ltd. (CP) (; ) is a Thai conglomerate based in Bangkok. It is Thailand's largest private company and the largest privately held Royal Warrant holder of the Thai Royal Family. The company describes itself as havi ...
, which holds 50% of True's shares as of March 2017. It operates fixed-line (as a concessionaire of TOT),
wireless Wireless communication (or just wireless, when the context allows) is the transfer of information between two or more points without the use of an electrical conductor, optical fiber or other continuous guided medium for the transfer. The most ...
,
cable TV Cable television is a system of delivering television programming to consumers via radio frequency (RF) signals transmitted through coaxial cables, or in more recent systems, light pulses through fibre-optic cables. This contrasts with broadc ...
,
IPTV Internet Protocol television (IPTV) is the delivery of television content over Internet Protocol (IP) networks. This is in contrast to delivery through traditional terrestrial, satellite, and cable television formats. Unlike downloaded media, ...
and
broadband In telecommunications, broadband is wide bandwidth data transmission which transports multiple signals at a wide range of frequencies and Internet traffic types, that enables messages to be sent simultaneously, used in fast internet connections. ...
services.


History

True Corporation was established on 13 November 1990 as TelecomAsia. The company had partnership with
Verizon Verizon Communications Inc., commonly known as Verizon, is an American multinational telecommunications conglomerate and a corporate component of the Dow Jones Industrial Average. The company is headquartered at 1095 Avenue of the Americas in ...
. The company was listed on the
Stock Exchange of Thailand The Stock Exchange of Thailand ( th, ตลาดหลักทรัพย์แห่งประเทศไทย), or SET, is the only stock exchange in Thailand. Founded on 30 April 1975, it is ASEAN’s 2nd largest after Singapore and the ...
on . In 2001, TelecomAsia set up mobile phone subsidiary TA Orange with
Orange SA Orange S.A. (), formerly France Télécom S.A. (stylized as france telecom) is a French multinational telecommunications corporation. It has 266 million customers worldwide and employs 89,000 people in France, and 59,000 elsewhere. In 2015, ...
. Orange sold off its stake in 2003 but the Orange brand was used until 2006. In an effort to converge TelecomAsia's telecommunication business into a single brand, the company renamed itself to True Corporation in 2004, and streamlined its operations with subsidiaries Asia Infonet (renamed True Internet) and Orange (renamed True Move in 2006). In 2006, True took a higher stake in
UBC The University of British Columbia (UBC) is a public research university with campuses near Vancouver and in Kelowna, British Columbia. Established in 1908, it is British Columbia's oldest university. The university ranks among the top three ...
, Thailand's largest
cable television Cable television is a system of delivering television programming to consumers via radio frequency (RF) signals transmitted through coaxial cables, or in more recent systems, light pulses through fibre-optic cables. This contrasts with broa ...
provider that time, and renamed the company to UBC-True. On 24 January 2007 UBC-True was renamed
TrueVisions TrueVisions is a cable and satellite television operator in Thailand. TrueVisions is owned by the True Corporation. Until February 2007, it was called the United Broadcasting Corporation (UBC), or UBC-True. History International Broadcasting ...
. On 8 May 2013, TrueMove H became Thailand's first mobile operator to provide 4G LTE commercial service on the 2100 MHz bandwidth. On 11 September 2014, it was announced that
China Mobile China Mobile is the trade name of both China Mobile Limited () and its ultimate controlling shareholder, China Mobile Communications Group Co., Ltd. (, formerly known as China Mobile Communications Corporation, "CMCC"), a Chinese state-ownedSt ...
agreed to purchase 18 percent of its shares for US$881 million. On 13 November 2014, Truemove H announced that it allocated 10 billion baht to expand its 4G LTE network in Thailand to cover 80 percent of the country's population. In June 2015 Suphachai Chearavanont, True's President and CEO, was presented with the "2015
Frost & Sullivan Frost & Sullivan is an American business consulting firm. It offers market research and analysis, growth strategy consulting, and corporate training. It has about 45 offices in the Americas, Africa, Asia and Europe; the principal office is in Sa ...
Asia Pacific Telecom CEO of the Year" award in Singapore for his leadership and achievements in developing the telecommunications industry in the Asia Pacific region. In the same month, Chearavanont was elected president of The Telecommunications Association of Thailand. On November 22, 2021,
Telenor Telenor ASA ( or ) is a Norwegian majority state-owned multinational telecommunications company headquartered at Fornebu in Bærum, close to Oslo. It is one of the world's largest mobile telecommunications companies with operations worldwide, ...
and
Charoen Pokphand Group The Charoen Pokphand Group Company, Ltd. (CP) (; ) is a Thai conglomerate based in Bangkok. It is Thailand's largest private company and the largest privately held Royal Warrant holder of the Thai Royal Family. The company describes itself as havi ...
, officially announced they have agreed to explore a USD 8.6 billion merger plan between Thailand’s second and third largest telecom operators (by subscribers), True Corporation (TRUE) and
Total Access Communication Total Access Communication Public Company Limited, commonly known as DTAC is a GSM mobile phone company in Thailand. It is the nation's third largest GSM phone company, after AIS and True. DTAC is owned by Norwegian company Telenor both direct ...
(DTAC) – The proposed merger is subject to regulatory approvals. The merger is expected to be completed by late-September 2022. The merger was "acknowledged" by the regulator NBTC at a meeting on October 20, 2022. It is rumoured that the company will be named True-D and will be listed on the
Stock Exchange of Thailand The Stock Exchange of Thailand ( th, ตลาดหลักทรัพย์แห่งประเทศไทย), or SET, is the only stock exchange in Thailand. Founded on 30 April 1975, it is ASEAN’s 2nd largest after Singapore and the ...
on 1 February 2023.


Subsidiaries

True Corporation includes the following subsidiaries: * TrueMobile (Mobile telecommunication) * TrueOnline (Broadband/fixed line business) *
TrueVisions TrueVisions is a cable and satellite television operator in Thailand. TrueVisions is owned by the True Corporation. Until February 2007, it was called the United Broadcasting Corporation (UBC), or UBC-True. History International Broadcasting ...
(Pay TV business)


Alleged government collaboration

Thai activists have charged that True, Thailand's largest ISP, shared dissidents' internet account details to the junta in the aftermath of the 2014 Thai coup d'état. It is impossible to corroborate that True shared dissidents' data with law enforcement, but Thai governments since 2007 have sought to curb online criticism by passing legislation that compel ISPs to deploy online surveillance and censorship technologies. True's privacy policy allows it to share data with law-enforcement authorities.


References


External links

* {{FAT sponsors Members of the Conexus Mobile Alliance Telecommunications companies established in 1990 Telecommunications companies of Thailand Mobile phone companies of Thailand Mobile phone manufacturers Charoen Pokphand China Mobile Companies listed on the Stock Exchange of Thailand Companies based in Bangkok Thai brands Thai companies established in 1990