Introduction to True Corporation
True Corporation is a leading telecommunication company in Thailand, providing comprehensive communication services to millions of subscribers. The company was founded in 1990 and has since grown into one of the largest and most successful telecommunications companies in the country.
True Corporation offers a wide range of services including mobile, fixed-line, internet, and digital television. With cutting-edge technology and innovative solutions, they have established themselves as a market leader in the highly competitive telecommunication industry.
The company's mission is to connect people and create possibilities through seamless communication services. They strive to provide their customers with high-quality and reliable connections at affordable prices. This commitment to customer satisfaction has earned them a loyal customer base and numerous accolades over the years.
History of True and TAC
The history of True Corporation and Total Access Communication (TAC) is one that spans several decades and has seen both companies grow and evolve in the highly competitive telecommunications industry in Thailand.
True Corporation was founded in 1990 as Asia Telecom Public Company Limited, with its primary business being the distribution of paging services. It later changed its name to TelecomAsia before finally becoming True Corporation in 2001. The company quickly expanded its services to include fixed-line telephone, internet, and cable television, making it a major player in the Thai telecommunications market.
In the early 2000s, both True Corporation and TAC faced tough competition from other telecommunication giants such as AIS and DTAC. This led to an intense price war among these players, resulting in lower profits for all companies involved.
Reasons for the Merger
The merger between True Corporation and Total Access Communication (TAC) has been making headlines in the telecommunications industry. The two companies, which have long been fierce competitors, have decided to join forces in order to create a stronger and more competitive entity. This move is expected to have a significant impact not only on the two companies involved but also on the overall market landscape.
There are several reasons behind this strategic merger, which we will discuss in detail below:
1. Synergy and Cost-efficiency: One of the main reasons for this merger is to achieve synergy and cost-efficiency. By combining their resources, technologies, and networks, True Corporation and TAC can eliminate duplicate operations and streamline processes. This will result in significant cost savings for both companies, thereby improving their bottom line.
2. Expanded Market Share: With this merger, True Corporation and TAC are aiming to increase their market share significantly. Individually, they were strong players in the Thai telecommunications market but together they can become a dominant force that can compete with other major players in the region such as AIS and Dtac. The combined entity would have access to a larger customer base, allowing them to offer better services at competitive prices.
Synergies and Benefits of the Merger
The merger between True Corporation and Total Access Communication (TAC) has been making waves in the telecommunications industry. Both companies are major players in the Thai market, and their union has created a powerhouse that is set to dominate the industry.
One of the key reasons for this merger is the synergies and benefits it brings to both companies. Let's take a closer look at some of these synergies and how they will benefit not only True Corporation and TAC but also their customers.
1. Complementary Services: One of the biggest advantages of this merger is that it brings together two companies with complementary services. While True Corporation has a strong presence in fixed-line services, TAC specializes in mobile services. By combining these two offerings, the merged company will be able to provide customers with a complete range of telecommunication solutions, from landline phone connections to high-speed mobile data plans.
2. Expanded Network Coverage: Another major synergy that this merger offers is an expanded network coverage for both companies customers. With TAC's extensive reach in rural areas and True Corporation's strong presence in urban centers, the merged company will be able to offer network coverage across the entire country. This means improved connectivity for all users, regardless of their location.
Conclusion
The partnership between True Corporation and Total Access Communication is a significant step towards creating a stronger future for both companies. By combining their expertise, resources, and technologies, they are setting themselves up for success in the ever-evolving world of telecommunications. This collaboration not only benefits the two companies but also has a positive impact on customers who will have access to better services and products. It is clear that this union will bring about exciting developments in the industry and we look forward to seeing what the future holds for these two powerhouse brands.