China Mobile Considers Sale of 7.8% Stake in True Corp Worth About $1.1 Billion
China Mobile Ltd. is considering selling its roughly 7.8% stake in Thai telecom operator True Corp. , worth about $1.1 billion based on current market prices. The company is working with advisers to gauge buyer interest. True, which has a market capitalization of about $14.5 billion and whose shares have gained 28% in 2026, merged with Telenor's Thai unit in 2023. Earlier this year, Telenor agreed to sell its stake to Arise Digital Technology for $3.9 billion. True serves over 48 million mobile users.
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- Intensity
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