Merger rings alarm bells

Published by
The Bangkok Post

The news of the amalgamation of True Corporation Plc (True) and Total Access Communication (DTAC) should ring alarm bells about the downsides of unchecked capitalism. Despite the mega-merger news creating bullish sentiment for telecom stocks, critics warned the deal could lead to unfair trade practices and market dominance, which will ultimately affect consumers. Such warnings deserve to be listened to. Indeed, Thai consumers have had plenty of previous bad experiences with telecom operators. Two decades ago, the telecom market in the country was controlled by two major service providers that …

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