China Mobile is mulling a possible sale of its minority stake in Thai telecoms operator True Corporation.
Bloomberg reported this week that China Mobile is working with an adviser to gauge initial interest from prospective buyers in its 7.8 percent stake in True.
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True is a joint venture between Charoen Pokphand and Telenor, which was formed by the merger between the original True Corporation and DTAC. The company has close to 50 million mobile subscribers.
In the past year, shares in True have jumped 30 percent, giving the company a market value of about $14.7 billion. This would value China Mobile’s holding at around $1.1bn, reports Bloomberg.
