Thai Telecom Aims To Raise $2.3B With Infrastructure Fund

Law360, New York (July 23, 2013, 4:33 PM EDT) -- Debt-ridden Thai telecommunications firm True Corp. PCL will attempt to raise nearly $2.3 billion in capital through an infrastructure fund that will be backed by sale-and-leaseback deals for some of True Corp. physical and broadband assets, the Bangkok-based firm said Tuesday.

True Corp., part of Thai investment conglomerate CP Group, plans to raise roughly 70 billion baht ($2.26 billion) through the offering, according to True Corp.'s filing with the Stock Exchange of Thailand. The telecom firm will purchase about one-third of the fund's units itself, with...
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