Arogo Capital and Bangkok Tellink: A Strategic Merger for Southeast Asia's Telecommunications Market

Arogo Capital Acquisition Corp. (AOGO) and Bangkok Tellink Co., Ltd. (Bangkok Tellink) have announced a definitive business combination agreement, valued at $350 million, marking a significant strategic move in Southeast Asia's rapidly growing telecommunications market. The proposed merger, expected to result in a newly combined company listed on The Nasdaq Global Market, is set to create a leading player in advanced telecommunications, mobile network technology, and Internet of Things (IoT) solutions.

Bangkok Tellink, a licensed Mobile Virtual Network Service Operator (MVNO) and Mobile Virtual Network Aggregator (MVNA), offers mobile phone packages across multiple frequencies and provides a range of services under its "INFINITE" brand, including Smart Solutions, IoT Sim Cards, eSIMs, virtual SMS, SIP trunk, and software development. The company's strategic position in Thailand's growing eSIM market, coupled with its commitment to innovation, high-efficiency operations, and sustainable growth, makes it an attractive partner for Arogo.

Arogo Capital, a Delaware special purpose acquisition company, seeks to facilitate a business combination that provides access to deeper capital markets and supports the expansion of its operations. The merger with Bangkok Tellink aligns with Arogo's investment objectives, offering access to U.S. capital markets, expansion into the U.S. market, and investment in next-gen telecommunication technologies.

The proposed business combination is expected to create a capital platform for Bangkok Tellink's development and gain the attention of investors in international capital markets, further promoting its growth strategy. The transaction is subject to regulatory approvals, shareholder approvals, and the satisfaction or waiver of other customary closing conditions.

The strategic benefits of this merger for Arogo include:

1. Access to U.S. capital markets: The listing on the Nasdaq Global Market will provide Bangkok Tellink with enhanced access to U.S. capital markets, enabling it to raise funds more easily and at better terms, supporting its growth strategy.
2. Expansion into the U.S. market: The merger will provide Bangkok Tellink with a platform to expand its operations into the U.S. market, aligning with Arogo's focus on businesses in transportation and technology industries.
3. Investment in next-gen telecommunication technologies: Bangkok Tellink's focus on advanced telecommunications, mobile network technology, and IoT solutions aligns with Arogo's interest in businesses in the technology industry, allowing Arogo to invest in and support the development of next-gen telecommunication technologies.
4. Strategic support and growth opportunities: The merger will provide Bangkok Tellink with Arogo's strategic support, enabling it to enhance its product and service offerings, accelerate growth, and generate attractive value for shareholders.

In conclusion, the proposed business combination between Arogo Capital Acquisition Corp. and Bangkok Tellink Co., Ltd. represents a strategic move for both companies, offering access to U.S. capital markets, expansion into the U.S. market, investment in next-gen telecommunication technologies, and strategic support for growth. This merger is expected to create a leading player in Southeast Asia's rapidly growing telecommunications market, with a diverse service portfolio and a commitment to innovation, high-efficiency operations, and sustainable growth.