Telenor and Thailand’s True Corp plan $200 million VC fund By Reuters
© Reuters. FILE PHOTO: Telenor’s logo is seen in central Belgrade, Serbia, March 21, 2018. REUTERS/Marko Djurica/File Photo
BANGKOK (Reuters) – Norway’s Telenor ASA (OTC:) on Monday said it would set up a venture capital fund with Thailand’s True Corporation Pcl with a size of up to $200 million.
“We will set up a venture capital fund together with partners in the range of $100 to $200 million,” Telenor Chief Executive Sigve Brekke said in a virtual news conference about the company’s merger of Total Access Communication Pcl and Thailand’s True Corp.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.