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...