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Significats de true corp en anglès
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Ús de true corp en anglès
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TrueCorp shares were trading 3 percent higher on Wednesday.
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The other bidders are third-largest mobile operator TrueCorp and broadband operator Jasmine International.
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Rival TrueCorp Pcl TRUE.BK said on Tuesday it would not take part in the auctions.
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The outlook for rival TrueCorp, which appears to have done well under the Democrat government, seems less rosy.
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TrueCorp will buy one-third of the fund's units and the remaining two-thirds will be offered to the public.
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TrueCorp has had no foreign partner since 2004 when France's Orange SA left to focus on markets at home.
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TrueCorp shares closed down about 2 percent, against the broader market's 0.66 percent drop..
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China Mobile is being advised by CICC, while Deutsche Bank is advising TrueCorp, a source familiar with the matter said.
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TrueCorp, a leading telecoms company that also provides cable television, appears to have done well under the current Democrat-led government.
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TrueCorp is Thailand's only fully integrated telecoms firm with operations in mobile, fixed-line phone, broadband Internet and cable television businesses.
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Jasmine and TrueCorp stock dropped 16.3 percent and 8.2 percent respectively in early Bangkok trading.
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Third-ranked TrueCorp's stock was 1.2 percent higher, while Jasmine shares were suspended from trading on Tuesday.
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TrueCorp shares lost almost 5 percent earlier amid worries over stock dilution after a rights issue and a private placement to China Mobile.
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Thailand's largest mobile operator Advanced Info Service Pcl (AIS) ADVANC.BK and third-ranked TrueCorp TRUE.BK are expected by the market to be the winners.
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TrueCorp shares rose as much as 8.1 percent on Friday after its announcement, before ending the day 5.9 percent higher.
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Second-ranked Total Access Communication Pcl (TAC) was expected to spend 15.5 billion baht and TrueCorp 14.8 billion baht.