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.
China Mobile Ltd. is considering selling its minority stake in Thai telecom operator True Corp. The company is working with advisers to gauge initial interest from potential buyers in its True shares.
China Mobile holds about 7.8% of True. True's shares in Bangkok have risen 28% in 2026, giving the company a market value of about $14.5 billion (about HK$113.1 billion). Based on this, China Mobile's stake in True is worth about $1.1 billion (about HK$8.58 billion).
In 2023, True completed a merger with the Thai unit of Norwegian telecom company Telenor ASA. Earlier in 2026, Telenor agreed to sell its stake in True to Arise Digital Technology Co. for a total of $3.9 billion. True has more than 48 million mobile users and operates home broadband and cable TV businesses.
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The event has a measured impact on 1 industry. The strongest current signal is neutral for Telecom Operators, with intensity 20/100 and 60% confidence over a short term horizon.
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