The board of Thai mobile operator Total Access Communication (DTAC) has approved a Bt30bn (US$957m) facility agreement with an undisclosed local financial institution.
According to local newspaper The Nation, the facility is split between a Bt20bn…
The board of Thai mobile operator Total Access Communication (DTAC) has approved a Bt30bn (US$957m) facility agreement with an undisclosed local financial institution.
According to local newspaper The Nation, the facility is split between a Bt20bn (US$638m) term loan and a Bt10bn (US$319m) revolving credit facility.
In a letter to the Stock Exchange of Thailand, the board said the funds would be used for capital restructuring and general corporate purposes.
As part of the capital restructuring, the board also approved a special interim dividend payment of Bt16.46 (US$0.52) per share for approximately 2.4 billion shares.
DTAC’s share price rose markedly following the announcement. As of 12:30pm UK time, it was up 9.82% to Bt89.5 (US$2.8) per share.
DTAC, which is controlled by Norwegian telco Telenor, was not immediately available for comment before the press deadline.
