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AIS preparing deal to acquire TTTBB, JASIF

Published by
The Bangkok Post

SET-listed Advanced Info Service (AIS) has announced its plan to acquire fixed broadband provider Triple T Broadband (TTTBB) and Jasmine Broadband Internet Infrastructure Fund (JASIF) for 32.4 billion baht in a bid to drive growth in the broadband internet frontier and add business value. The acquisition will be undertaken by Advanced Wireless Network (AWN), a subsidiary of AIS, the country’s largest mobile operator said in an exchange filing. Meanwhile, the National Broadcasting and Telecommunications Commission (NBTC) said it will set up a panel to scrutnise the deal. Under the purchase deal…

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