0
General

AIS says Gulf Energy offer too low

Monday 19 July 2021 | 14:27 CET | News
Thai operator AIS has rejected a takeover offer from Gulf Energy Development, saying it under-values the company. After obtaining an independent opinion on the bid launched in late June, AIS said it recommends shareholders do not accept Gulf Energy's bid. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: General
Companies: AIS
Countries: Thailand
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Gulf Energy sees no takers for AIS bid, increases stake in InTouch

Published 16 Aug 2021 14:06 CET | Thailand
Gulf Energy's bid to acquire the Thai mobile operator AIS has met with little support. Just over 2,000 shares were tendered in ...

AIS, Mitsubishi, TKK launch smart manufacturing in real use cases on 5G network

Published 05 Aug 2021 13:31 CET | Thailand
Thai operator AIS has signed an agreement with Mitsubishi Electric Factory Automation (Thailand) and TKK. Total Industrial ...

Gulf Energy Development makes takeover bid for Intouch, AIS

Published 19 Apr 2021 10:15 CET | Thailand
Thai power producer Gulf Energy Development has made a THB 169 billion buyout bid for Intouch, which controls mobile operator ...