Dtac is currently valued at around $3 billion, according to Refinitiv Eikon data, while True has a value of $4.5 billion.CP Group did not immediately respond to a request for comment.
Mobile operators are facing pressure on profits in a challenging industry environment and mounting investment costs as new technologies such as 5G emerge. "There are open issues outstanding and there is no certainty that the discussions will result in a final agreement. Telenor will not provide any further comments at this stage of the process," the Norwegian company said.
Telenor serves 172 million customers with roughly half its revenue generated in Asia and half in the Nordic region.
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