Thailand’s True plans spin-off of network assets into infrastructure fund

The fund will have a minimum value of $2.26 billion and at least two-thirds will be offered to public investors in an IPO.

Thailand’s True plans spin-off of network assets into infrastructure fund

True Corp, the Thai telecom operator that is controlled by the country’s richest man, Dhanin Chearavanont, said yesterday that it intends to spin off part of its network infrastructure for a separate listing through an infrastructure fund.

The fund, which is similar to a business trust in other jurisdictions, will have a minimum value of Bt70 billion $2.26 billion and at least two-thirds of the fund will be sold to public investors through an initial...

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