Singtel's Thai associate AIS to acquire broadband businesses for $1.27 bil

Singapore Telecommunication’s Thailand-based associate, Advanced Info Service, is acquiring two broadband entities for 32.42 billion baht ($1.27 billion).

First, AIS, via its 99.99% held subsidiary Advanced Wireless Network, is paying 19.5 billion baht for Triple T Broadband. The seller is Jasmine International.