True Corporation intends to harness the strength and resources of its group and those of incoming majority shareholder Arise Ventures Group to generate profit and dividend payments. The Arise Group includes True Internet Data Center Co Ltd (True IDC) and Ascend Money. True will explore how the company and Arise can better leverage these businesses together, True Group chief executive Sigve Brekke told the Bangkok Post. Norwegian telecom operator Telenor recently agreed to sell a 24.95% stake in True to Arise Digital Technology Co, a subsidiary of Arise Ventures Group. Arise Ventures Group is owned by Suphachai Chearavanont, the chairman of True Corp.
