Telenor and Thailand's True Corp plan $200 million VC fund - Reuters

BANGKOK, Nov 22 (Reuters) - Norway's Telenor ASA (TEL.OL) on Monday said it would set up a venture capital fund with Thailand's True Corporation Pcl (TRUE.BK) with a size of up to $200 million.

"We will set up a venture capital fund together with partners in the range of $100 to $200 million," Telenor Chief Executive Sigve Brekke said in a virtual news conference about the company's merger of Total Access Communication Pcl (DTAC.BK) and Thailand's True Corp.

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Reporting by Chayut Setboonsarng Editing by Ed Davies

Our Standards: The Thomson Reuters Trust Principles.

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Telenor and Thailand's True Corp plan $200 million VC fund - Reuters
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