Thai Billionaire Dhanin’s Son Buys Telenor’s Stake In Mobile Carrier True For $3.9 Billion In Digital Push

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Supachai Chearavanont — the youngest son of Thai billionaire Dhanin Chearavanont and head of Arise Digital Technology — has agreed to buy Norwegian telecom group Telenor’s roughly 24.95% stake in Thailand’s True Corporation for about 39 billion Norwegian kroner (≈ $3.9 billion) as part of a strategy to grow digital businesses like AI, cloud and cybersecurity. Arise also has an option to buy Telenor’s remaining 5.35% stake within two years. As a result of the deal, Supachai stepped down as CEO of the Charoen Pokphand (CP) Group to focus on managing Arise’s telecom-tech investments. True continues expanding its 5G network and digital services. Forbes news.

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00:00Superchai Chiravanant, the youngest son of Thai billionaire Dhanan Chiravanant and head of Arise Digital Technology,

00:09has agreed to buy Norwegian telecom group Telenor's roughly 24.95% stake in Thailand's True Corporation

00:18for about 39 billion Norwegian kroner, approximately $3.9 billion,

00:23as part of a strategy to grow digital businesses like AI, cloud, and cyber security.

00:31Arise also has an option to buy Telenor's remaining 5.35% stake within two years.

00:39As a result of the deal, Superchai stepped down as CEO of the Chiravan PocFand,

00:46CP, group to focus on managing Arise's telecom tech investments.

00:51True continues expanding its 5G network and digital services.

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