Telenor upbeat about merger talks with Axiata, to take majority stake

PETALING JAYA: Norwegian telecommunications giant Telenor says it anticipates holding a majority stake of 56.5% in the merged entity with Axiata, which will hold a 43.5% stake.

Telenor said it hopes MergeCo will be a “leading, well-diversified Pan-Asian telco”, adding that it will operate out of nine countries serving a total population of close to one billion. MergeCo will have approximately 300 million customers and become one of Asia’s largest mobile infrastructure companies operating approximately 60,000 towers across Asia.

“By uniting two strong organisations with complementary footprints and a merger of equal spirit, there will be attractive opportunities to capture substantial synergies preliminarily estimated at around US$5 billion in total, support future investments and create shareholder value,” it added.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Axiata, DiGi halt share trade ahead of possible merger announcement | Malay MailKUALA LUMPUR, May 6 — Telecommunications providers Axiata and DiGi both requested Bursa Malaysia to suspend trading of their shares this morning pending a merger announcement. According to the two companies’ statements to Bursa Malaysia, they asked that trading of their shares be halted from...
Fonte: malaymail - 🏆 1. / 86 Leggi di più »

Digi, Axiata suspend trading, possible merger of Asian opsKUALA LUMPUR: Trading in Digi.com Bhd and Axiata Group Bhd’s securities was suspended from 9am on Monday for an announcement, which could see a possible merger of the Asian operations.
Fonte: staronline - 🏆 4. / 75 Leggi di più »