On Monday, the share price of True Corporation Public Company Limited (SET: TRUE) rose as much as 2.85% in the morning session on Monday, September 29, 2025, to trade at THB 10.80 per share, following the Court decision dismissing the petition against the company.
Today’s rally was in response to Friday’s Central Administrative Court ruling, which ordered the dismissal of the 2022 True-DTAC merger lawsuit. This decision upholds the NBTC’s resolution to allow the merger, concluding the legal challenge at this court level.
Initially, the Thailand Consumers Council (TCC) centers filed a lawsuit against the National Broadcasting and Telecommunications Commission (NBTC) over its decision to approve the merger of True and DTAC. This consolidation reduced Thailand’s major mobile operators from three to two.
The TCC is asking the Central Administrative Court to revoke the NBTC’s resolution, arguing that the merger will harm consumers. Their core concerns are that the reduced competition will lead to higher service prices, lower service quality, and fewer choices in mobile packages.
