23 July 2013
| Kavit Majithia
Thai telecoms company True Corp has today said it will set up an infrastructure fund worth approximately $2.25 billion.
The company said it was looking
to strengthen its financial position as a result, while
also aiming to reduce its debt load. "The fund is for repaying
debt and investing in the company’s new projects
in the future," True said in a statement.
True is owned by
Thailand’s richest man, Dhanin Chearavanont, and
is the flagship company of the Charoen Pokphan Group.