|Traded as||SET: TRUE|
|Founded||13 November 1990|
|Headquarters||Huai Khwang, Bangkok, Thailand|
|Suphachai Chearavanont (CEO)|
|Services||Cable television, Mobile, Internet|
|Revenue||124 billion baht (2016)|
|Total assets||449 billion baht (2016)|
Number of employees
|Parent||Charoen Pokphand Group|
True Corporation Public Company Limited (TRUE) is a communication conglomerate in Thailand. True controls Thailand's largest cable TV provider TrueVisions, Thailand's largest internet service provider True Internet and one of Thailand's largest mobile operators, TrueMove H, which is second only to AIS having surpassed Dtac in January 2017. As of August 2014, True, along with True Telecommunications Growth Infrastructure Fund, has a combined market capitalization of US$10 billion. TrueMove is also a partner of Vodafone Group.
True is a subsidiary of Charoen Pokphand Group, which holds 50.21% of True's shares as of March 2017. It operates fixed-line (as a concessionaire of TOT), wireless, Cable TV, IPTV and Broadband services.
True Corporation was established in 13 November 1990 as TelecomAsia. The company had partnership with Verizon. The company was listed on the Stock Exchange of Thailand on December 22, 1993 . In 2001, TelecomAsia set up a mobile phone subsidiary with Orange SA. Orange sold off its stake in 2003 but the Orange brand was used until 2006.
In an effort to converge TelecomAsia's telecommunication business into a single brand, the company renamed itself to True Corporation in 2004, and streamlined its operations with subsidiaries Asia Infonet (renamed True Internet) and Orange (renamed True Move in 2006).
In 2005, True took a higher stake in UBC, Thailand's largest cable television provider that time, and renamed the company to UBC-True. On January 24, 2007 UBC-True was renamed TrueVisions.
On 8 May 2013, TrueMove H became Thailand's first mobile operator to provide 4G LTE commercial service on the 2100 MHz bandwidth.
On November 13, 2014, Truemove H announced that it allocated 10 billion baht to expand 4G LTE network in Thailand to cover 80% of the country's population.
In June 2015 Suphachai Chearavanont, True's President and CEO, was presented with the “2015 Frost & Sullivan Asia Pacific Telecom CEO of the Year” award in Singapore for his leadership and achievements in developing the telecommunication industry within the Asia Pacific region. In the same month, Chearavanont was elected President of The Telecommunications Association of Thailand.
True Corporation includes the following subsidiaries:
- TrueMobile (Mobile telecommunication)
- True Move Co., Ltd.
- Real Move Co., Ltd.
- True Move H Universal Communication Co., Ltd.
- BFKT (Thailand) Limited
- TrueOnline (Broadband/fixed line business)
- Asia Infonet Co., Ltd.
- Asia Wireless Communication Co., Ltd.
- KSC Commercial Internet Co., Ltd.
- MKSC World Dot Com Co., Ltd.
- True International Communication Co., Ltd.
- True International Gateway Co., Ltd.
- True Internet Co., Ltd.
- True Public Communication Co., Ltd.
- True Universal Convergence Co., Ltd.
- TrueVisions (Pay TV business)
- BEC-TERO True Visions Co., Ltd.
- Click TV Co., Ltd.
- Satellite Service Co., Ltd.
- Thai News Network (TNN) Co., Ltd.
- True4U Station Co., Ltd.
- True Visions Plc.
- True Visions Cable Plc.
- True Visions Group Co., Ltd.
- True Vistas Co., Ltd.
- Content, lifestyle and other businesses:
- AP&J Production Co., Ltd.
- Cineplex Co., Ltd.
- Panther Entertainment Co., Ltd.
- SM True (joint venture with South Korea's S.M. Entertainment)
- True Digital Media Co., Ltd.
- True Distribution & Sales Co., Ltd.
- True IContent Co., Ltd.
- True Information Technology Co., Ltd.
- True Life Plus Co., Ltd.
- True Money
- True Multimedia Co., Ltd.
- True Music Co., Ltd.
- True Music Radio Co., Ltd.
- True Touch Co., Ltd.
- True United Football Club Co., Ltd.
- True Voice Co., Ltd.
- Transformation Films Co., Ltd.
- True GS Co., Ltd.
- Thai Smart Card Co., Ltd.
- Annual Registration Statement 2009 (56-1). True Corporation. Retrieved 27 June 2010.
- "Financial Highlights". True Corporation. Retrieved 14 September 2017.
- Barton, James. "True takes second place in Thai market as dtac profits slump - Developing Telecoms". www.developingtelecoms.com. Retrieved 2018-02-04.
- Shareinvestor. "Investor Relations". investor.truecorp.co.th. Retrieved 2017-06-08.
- "PressReader.com - Connecting People Through News". www.pressreader.com. Retrieved 2018-02-04.
- "TRUE Company Profile". Stock Exchange of Thailand. Retrieved 3 July 2010.
- "TA Orange's strategic partner Orange SA sells off 39% of its 49% stake in the Thai mobile operator to TelecomAsia for a nominal one Baht". Telecom Asia. 2004-04-01.
- Suryadinata, Leo (2006). Southeast Asia's Chinese Businesses in an Era of Globalization: Coping with the Rise of China. Institute of Southeast Asian Studies. ISBN 9789812304018.
- TeleGeography. "Orange reaches use-by date: True Corp's mobile unit renamed True Move". www.telegeography.com. Retrieved 2018-02-04.
- Amnatcharoenrit, Bamrung and Tortermvasana, Komsan (November 8, 2005). "True Corp set to take over UBC" Archived 2008-03-11 at the Wayback Machine., Bangkok Post (retrieved July 18, 2006 until August 18, 2015 via AsiaMedia.com).
- "True Move H – The First To Offer 4G LTE Service On 2100 MHz In Thailand While Reinforcing Its Leadership As The Largest 3G Operator,". thaipr.net.
- Jittapong, Khettiya (June 9, 2014). "China Mobile to buy $881mln stake in Thai billionaire's True Corp". Reuters. Retrieved June 11, 2014.
- Phoosuphanusorn, Srisamorn & Leesa-nguansuk, Suchit (June 10, 2014). "China Mobile to buy into True". Bangkok Post. Retrieved June 11, 2014.
- "True announced high-speed Internet in Bangkok with all-fiber network in 2 years. - Mobile Asia". mobileasia.net.
- "Annual Report 2014".
- "True Group, in Collaboration with S.M. Entertainment from South Korea,Establishes a Joint-Venture "SM True Co., Ltd."To Bring A New Era of Entertainment to Thailand". True Corporation. Retrieved 16 August 2011.
- "S.M. Entertainment establishes joint venture company with Thailand's True Visions Group, 'SM True'". allkpop. Retrieved 16 August 2011.