True Corporation Public Company Limited

True corporation were incorporated in November 1990 as a fixed-line phone service provider under a build-transfer-operate (BTO) concession with TOT Corporation Public Company Limited (TOT). Our company was registered as a public limited company in 1993 under the name TelecomAsia Corporation Public Company Limited and listed on the Stock Exchange of Thailand in December 1993 under a security symbol “TA”. We rebranded under the “True” name and adopted the security symbol “TRUE” in April 2004.

extended our services into the mobile telecommunications segment through a subsidiary, Bangkok Inter Teletech Public Company Limited (BITCO) (the parent company of TA Orange), by acquiring 41.1 percent equity interest in BITCO in October 2001. Full commercial launch of TA Orange’s mobile services took place in March 2002. TA Orange was rebranded “TrueMove” at the beginning of 2006. They gradually increased our shareholding in BITCO to 93.4 percent by the end of 2006. In December 2007, a rights offering of BITCO shares left True’s shareholding in BITCO at 75.3 percent, with CP owning 23.9 percent.