Axiata, Telenor ASA to conduct due diligence on proposed merger | Malay Mail

An Axiata logo is seen at its headquarters in Kuala Lumpur January 3, 2013. The due diligence process includes looking into the balance sheet and legal issues, and the process is expected to be concluded within three to six months. — Reuters pic

“We will have to agree on the management team of primarily MergedCo and at least a few people in MalaysiaCo. Jamaludin said the group was optimistic that the deal would go through as it has received blessings from Khazanah Nasional Bhd.Following the signing of the agreement for the merger, the parties involved will take another six to nine months to obtain the necessary approvals from the authorities in the countries they operate in.

“I was made to understand by MCMC that the guideline was not done because of us as it was developed some time ago. Of course they expedited it because of us, but it is not because of us per se.

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Axiata denies selling Malaysian interests to Telenor in merger move | Malay MailKUALA LUMPUR, May 28 ― Telecommunications firm Axiata Group Bhd dismissed claims that its merger with Norway-based Telenor ASA's Asian operations is akin to selling Malaysian interest to a foreign company. One of Malaysia’s largest telecommunications companies, Axiata described its plan with...
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Axiata denies selling Malaysian interests to Telenor in merger move | Malay MailKUALA LUMPUR, May 28 ― Telecommunications firm Axiata Group Bhd dismissed claims that its merger with Norway-based Telenor ASA's Asian operations is akin to selling Malaysian interest to a foreign company. One of Malaysia’s largest telecommunications companies, Axiata described its plan with...
Source: malaymail - 🏆 1. / 86 Read more »