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Thai telecom operator Intouch's merger with Gulf Energy gets shareholder nod

Thai telecom operator Intouch's merger with Gulf Energy gets shareholder nod

Thailand's national flag. Photo: Lawrence Makoona / Unsplash

Shareholders of Thailand-based telecoms operator Intouch Holdings gave their backing on Tuesday to a planned $25 billion merger with billionaire Sarath Ratanavadi’s Gulf Energy, although the deal is still complicated by the need for affiliate companies’ approval.

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