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Thailand’s AIS Weighs Options for $3 Billion Tower Assets

  • AIS has held talks with potential advisers on strategic review
  • Options include stake sale, creating a fund to host the assets
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Advanced Info Service Pcl, Thailand’s biggest telecommunications group, is considering options for its tower business including a stake sale, according to people familiar with the matter.

The Bangkok-listed company has held talks with potential advisers for a strategic review for the assets, the people said, asking not to be identified because the matter is private. Another option under consideration is creating an infrastructure fund for the assets that could be listed on the Bangkok stock exchange, the people said.