White & Case and Shearman & Sterling led the $1.7 billion initial public offering of a new telecommunications infrastructure fund spun off from Thailand’s second-largest high-speed internet provider.
Jasmine International Plc., which sits behind True Corp. Pcl. with a near 30 percent share of the Thai broadband internet market, has transferred its fiber-optic cable business into the newly created Jasmine Broadband Internet Infrastructure Fund. The IPO was completed on Feb. 4, with Jasmine International retaining a third of the shares in the new fund. Shares are expected to begin trading on the Stock Exchange of Thailand on Feb. 16.
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