True Corporation

True Corporation
Formerly	"Old" True Corporation (1990-2023)
Company type	Public
Traded as	SET: TRUE
Industry	Telecommunication; Consumer electronics
Predecessor	True Corporation; (original); Total Access Communication;
Founded	13 November 1990 (original company); 1 March 2023 (new company)
Founder	Suphachai Chearavanont
Defunct	1 March 2023 (original company)
Fate	Merged with DTAC to form a new True Corporation
Headquarters	Bangkok, Thailand
Area served	Thailand
Key people	Manat Manavutiveth, CEO
Products	Mobile phone; Smartphones; Set-top box; Tablet computer
Services	Cable television, Mobile, Internet
Revenue	140.94 billion baht (2019)
Operating income	7.1 billion baht (2019)
Net income	5.64 billion baht (2019)
Total assets	523.99 billion baht (2016)
Total equity	126.02 billion baht (2019)
Owners	Telenor (26.32%); Thai NVDR (10.74%); China Mobile (7.81%);
Number of employees	23,000
Subsidiaries	see Subsidiaries
Website	www.true.th

True Corporation Public Company Limited (TRUE) (Formerly: True Corporation Public Company Limited and Total Access Communication Public Company Limited) is a communications conglomerate in Thailand. It is a joint venture between Charoen Pokphand Group and Telenor, formed by the merger between the original True Corporation and DTAC in the form of equal partnership to create a new telecommunications company that can fully meet the needs of the digital age. True controls Thailand's largest cable TV provider, TrueVisions,^[3] Thailand's largest internet service provider True Online,^{[citation needed]} Thailand's largest mobile operators, TrueMove H and DTAC TriNet, which is second and third only to AIS.^[4] and entertainment media including television, internet, online games, and mobile phones under the True Digital brand. As of August 2014, True, along with True Telecommunications Growth Infrastructure Fund, had a combined market capitalization of US$10 billion.^{[citation needed]} TrueMove is also a partner of Vodafone Group.^[5] Charoen Pokphand Group and Telenor hold equal ownership of 30% of True's shares as of March 2023.^[6] It operates fixed-line (as a concessionaire of NT (formerly known as TOT)), wireless, cable TV, IPTV and broadband services.

^ Annual Registration Statement 2009 (56-1). True Corporation. Archived from the original on 3 March 2016. Retrieved 27 June 2010.
^ ^a ^b ^c ^d ^e "Financial Highlights". True Corporation. Retrieved 23 January 2021.
^ "ความใหญ่ที่แท้ทรู 'True Digital Park' ประกาศรายชื่อพันธมิตรยักษ์ใหญ่ มุ่งสร้าง Startup Ecosystem ครบวงจรที่สุด" (in Thai). Techsauce. 17 April 2018. Retrieved 29 April 2020.
^ Barton, James (25 April 2017). "True takes second place in Thai market as Dtac profits slump". Developing Telecoms. Retrieved 4 February 2018.
^ "Vodafone and Conexus Mobile Alliance Form Strategic Partnership". www.vodafone.com. Archived from the original on 21 November 2018. Retrieved 21 November 2018.
^ Shareinvestor. "Investor Relations". True. Retrieved 8 June 2017.

[0956-1-1] Annual Registration Statement 2009 (56-1). True Corporation. Archived from the original on 3 March 2016. Retrieved 27 June 2010.

[True-FH-2] "Financial Highlights". True Corporation. Retrieved 23 January 2021.

[3] "ความใหญ่ที่แท้ทรู 'True Digital Park' ประกาศรายชื่อพันธมิตรยักษ์ใหญ่ มุ่งสร้าง Startup Ecosystem ครบวงจรที่สุด" (in Thai). Techsauce. 17 April 2018. Retrieved 29 April 2020.

[4] Barton, James (25 April 2017). "True takes second place in Thai market as Dtac profits slump". Developing Telecoms. Retrieved 4 February 2018.

[5] "Vodafone and Conexus Mobile Alliance Form Strategic Partnership". www.vodafone.com. Archived from the original on 21 November 2018. Retrieved 21 November 2018.

[6] Shareinvestor. "Investor Relations". True. Retrieved 8 June 2017.

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True Corporation

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