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

📆 5/6/2019 11:58 PM
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MIDF maintains ‘neutral’ call onAxiata-Telenor mega merger

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.

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