TTT+Partners represents Intouch Holdings Plc (INTUCH) and Singapore Telecommunications Ltd, a major shareholder in INTUCH and ADVANC, in their strategic plan to merge with Gulf Energy Development Plc. (GULF), a landmark amalgamation that combines the strengths of three regional industry giants in the telecommunications and energy sectors.
This transaction involves five listed entities on the Stock Exchange of Thailand (SET): GULF, INTUCH, ADVANC, THCOM, and one entity listed on the Singapore Exchange (SGX): Z74, commonly known as “Singtel”.
The combined expertise promises to benefit all companies and stakeholders involved, resulting in the creation of a major new regional entity in the energy and telecommunications sectors.
The amalgamation between GULF and INTUCH will result in the formation of a newly listed public limited company, and conditional voluntary tender offers (VTO) for Advanced Info Service Public Company Limited (ADVANC) and Thaicom Public Company Limited (THCOM). This transformative deal aims to simplify shareholding structures and diversify business operations by uniting the energy and digital sectors.
Valued at over THB 200 billion (~ USD 5.5 billion), the transaction was announced on 16 July and is expected to close in Q2 of 2025.
The TTT+Partners team was led by Veeranuch Thammavaranucupt, James Lawden, and Arnut Pongprueksa; working alongside Maythawi Boonyapinyo and Supitchaya Chanpal.
Experts
