Telenor and CP Group are considering setting up a corporate venturing fund with up to $200m in capital as part of a potential merger of their Thai telecoms units.
Norway-headquartered telecommunications firm Telenor and Thailand-based conglomerate CP Group plan to merge their telecommunications subsidiaries in Thailand and collaborate on a joint corporate venturing effort.
CP and Telenor agreed on Tuesday to explore the creation of a new telecoms company through the combination of Telenor’s Dtac and CP Group’s True subsidiaries. The corporates would also look to raise between $100m and $200m of venture capital funding to invest in digital technology startups based in Thailand.
The deal would be struck…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
