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True corp to slash debt

True corp, which is the third major telecom company in Thailand, is to slash 2,3 billion US dollar in debt by listing an infrastructure fund. I’m not surprised they need to do something. It would be the biggest IPO in Asia-Pacific this year. They will also plan to sell non core assets as it seeks to slash its debt burden by around 70 percent.

Will this mean they will close down there coffee shops. It would be to bad. I’m not a coffee drinker but I have spent a lot of time with journalist Jan Källman there doing interviews with people for various stories. We have to find another place.

Full story here.

 

Categorized: Asia , Mixed
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