Norway’s Telenor plans Asian telecoms merger with Axiata

Industry:    2019-05-07

Norway’s Telenor is in negotiations with Malaysia’s Axiata Group to form a telecoms holding company with close to 300 million customers, the companies said on Monday.

If a deal is finalised, the merged business will likely be owned 56.5 percent by the Norwegian mobile operator and 43.5 percent by Axiata, they added.

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