Thai ISP Jasmine International aims to raise up to Bt65bn (US$1.98bn) through listing its infrastructure fund, according to a report citing a regulatory filing.
The filing comes a week after local telco TT&T dropped a lawsuit over the ownership of some…
Thai ISP Jasmine International aims to raise up to Bt65bn (US$1.98bn) through listing its infrastructure fund, according to a report citing a regulatory filing.
The filing comes a week after local telco TT&T dropped a lawsuit over the ownership of some of Jasmine Broadband Internet Growth Infrastructure Fund’s assets, which is set to include a 610,000km fibre network.
Legal issues and Thailand’s political uncertainty have delayed the fund’s launch for around a year.
Jasmine said in a stock exchange announcement today that the transaction is currently being reviewed by the Securities and Exchange Commission.
JVS Financial Advisory has been hired for financial advice relating to the fund, according to an earlier filing. Bualuang Securities has reportedly been hired to advise on the listing.
Jasmine was unable to comment before the press deadline.