MIDF maintains ‘neutral’ call onAxiata-Telenor mega merger | Malay Mail

Axiata and Telenor are set to create a new global champion with discussions to combine their Asian operations under a new merged global entity . — Reuters pic

In a note, the research house said it also provides the group with a stronger balance sheet to execute future expansion plans as the industry is capital intensive. “Also, we view the group as having to iron out the issue surrounding Ncell which could potentially affect Axiata’s standing in the new merged entity,” it said.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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Telenor upbeat about merger talks with Axiata, to take majority stakeThe Norwegian telecommunications giant says the merged entity will be one of Asia’s largest mobile infrastructure companies.
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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...
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