We were incorporated in November 1990, and registered as a public limited company in 1993 under our former name, TelecomAsia Corporation Public Company Limited. We began trading on the Stock Exchange of Thailand in December 1993 with the security symbol “TA” and registered capital of Baht 22,230 million. At this time we had an annual turnover of Baht 2 billion and employed 1,500 staff.

In April 2004, as part of a rebranding under the ‘‘True’’ brand name, we changed our name to True Corporation Public Company Limited and adopted the security symbol “TRUE”.

Backed by Asia’s largest agro-conglomerate, the Charoen Pokphand Group (with an approximately 34 percent shareholding), we provide consumers, small and medium enterprises, and corporations with a full range of voice, data and multimedia solutions customized to meet their needs.  We are a leading fixed line service provider and the largest broadband provider in the Bangkok Metropolitan Area (BMA), and a major player in the cellular, Internet and pay-TV markets.

Major subsidiary and affiliated companies in the True Group include True Move (formerly TA Orange), the third largest mobile phone operator in Thailand, True Internet, no.1 ISP, and United Broadcasting Corporation (UBC), Thailand's leading pay television operator.

In 1991 we entered into a build-transfer-operate (BTO) concession with TOT Corporation Public Company Limited (TOT) to build, install, jointly operate and maintain a two million-line wireline network in the BMA for a period of 25 years. We commenced receiving revenue from the operation of our wireline network in November 1992. In September 1995, we were granted approval to expand our wireline network by an additional 600,000 lines.

We received additional approvals to provide value-added, public payphone and other services, and launched the PCT service in 1999, hi-speed data transmission services including ADSL and cable modem in 2001, and Wi-Fi services in 2003.

In October 2001, we indirectly acquired a 41.1% equity interest in TA Orange. Full commercial launch of its mobile telecommunications service in Thailand took place in March 2002. In September 2004, we increased our shareholding in Bangkok Inter Teletech Plc./TA Orange to 82.86% and began to fully consolidate the results of TA Orange from the beginning of the fourth quarter of 2004.

At the end of 2005, the True Group had an annual turnover more than Baht 51 billion, infrastructure investments of more than Baht 100 billion, and employed more than 9,000 staff.