Axiata-Telenor merger still at proposal stage, says minister | Malay Mail

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Axiata-Telenor merger still at proposal stage, says minister

The merger plan between Axiata Group Bhd of Malaysia and Norway’s Telenor Group is still at the proposal stage, says Communications and Multimedia Minister Gobind Singh Deo. — Picture by Miera Zulyana

He said the ministry views the merger proposal positively especially as it involves a Malaysian company. “As far as we are concerned, we look at the proposal positively. And we are concerned whether or not the initiative or merger will result in the loss of jobs, but I have had a meeting with those concerned, and they have shown me that in fact this merger exercise will create new jobs,” he said.

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