KUALA LUMPUR: Axiata Group Bhd and Telenor ASA agreed to end talks on merging their Asian telecommunication operations, scrapping an effort to create a company with 300 million customers across nine countries.
Telenor cited “complexities” as the reason for the halt, without elaborating. Telenor shares slid as much as 7% in early Oslo trading. The decision to quash the deal comes months after Prime Minister Dr Mahathir Mohamad questioned how combining the companies would affect employment.
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Axiata and Telenor call off merger deal | Malay MailKUALA LUMPUR, Sept 6 — Axiata Group Bhd and Telenor ASA have mutually agreed to end the discussions on the proposed merger of their telecom and infrastructure assets in Asia. In a statement today, Axiata said in the last four months, both parties have been performing their due diligence and...
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Axiata and Telenor call off merger plans | SoyaCincau.comAxiata has officially announced that the proposed merger between Axiata and Telenor is officially off. Both parties have agreed to end discussions regarding a non-cash combination of their telecom and infrastructure assets in Asia. According to the statement, both parties have mutually agreed to end the discussions due to some complexities. The two telecommunications giants …
Source: Soya_Cincau - 🏆 16. / 55 Read more »
Axiata and Telenor call off merger plans | SoyaCincau.comAxiata has officially announced that the proposed merger between Axiata and Telenor is officially off. Both parties have agreed to end discussions regarding a non-cash combination of their telecom and infrastructure assets in Asia. According to the statement, both parties have mutually agreed to end the discussions due to some complexities. The two telecommunications giants …
Source: Soya_Cincau - 🏆 16. / 55 Read more »
Axiata and Telenor call off merger deal | Malay MailKUALA LUMPUR, Sept 6 — Axiata Group Bhd and Telenor ASA have mutually agreed to end the discussions on the proposed merger of their telecom and infrastructure assets in Asia. In a statement today, Axiata said in the last four months, both parties have been performing their due diligence and...
Source: malaymail - 🏆 1. / 86 Read more »