Smart Infranet Company Limited agreed to acquire Assets of ALT Telecom Public Company Limited (SET:ALT) for approximately THB 530 million on May 12, 2020. As per terms of transaction consideration include approximately THB 261 million in cash and approximately THB 269 million by issue of shares. Smart Infranet Company Limited will issue 26.901 million shares. Transaction is approved by the board. Proceeds will be used for working capital. Smart Infranet Company Limited completed the acquisition of Assets of ALT Telecom Public Company Limited (SET:ALT) on June 30, 2020. As of August 3, 2020, ALT Telecom Public Company Limited received the consideration.