Jasmine International launches IPO

14 November 2014 |

Thai telecoms group Jasmine International has announced plans to raise up to $1.98 billion through an infrastructure fund IPO.

According to Reuters, the IPO could be the largest in Thailand this year. Jasmine will reportedly transfer its fibre network to the fund and use the proceeds to expand its broadband business.

The group plans to expand its high-speed broadband network with the aim of reaching 2 million subscribers by 2015.

The move follows a similar $1.8 billion fund launched by True Corp last December.

In October, Advanced Info Service (AIS) was also reported to have been planning a $142.2 million investment in fixed-line broadband networks in the country.