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Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyToday at 10:47 am by Yin-Yang

» Dividend Announcement
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyToday at 10:19 am by කිත්සිරි ද සිල්වා

» What's going to happen
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyToday at 6:26 am by serene

» Thread for News on CSE and SL Economy
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyYesterday at 8:22 pm by ruwan326

» TJL.N0000 (Textured Jersey Lanka PLC.)
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyYesterday at 11:50 am by serene

» CFVF - First Capital
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» විද්‍යාව මිස්ගේ පාඩම...
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyWed Jul 17, 2019 7:27 am by sanjulanka

» Trading Journal
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyTue Jul 16, 2019 11:50 pm by pathfinder

» වචන නම් අපේ ඒත් තනුව ?????????
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyTue Jul 16, 2019 8:08 pm by Rana

» Access Engineering AEL Technical Analysis
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyMon Jul 15, 2019 3:07 pm by NIRMALSG

» Tourism sector
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptySun Jul 14, 2019 8:57 am by NIRMALSG

» Cricket, meet Capitalism
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyFri Jul 12, 2019 1:24 pm by කිත්සිරි ද සිල්වා

» LFIN - LB Finance
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyThu Jul 11, 2019 11:27 am by Ethical Trader

» අපි නොදන්න චෙස් කිව්වලු !
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyTue Jul 09, 2019 6:25 pm by serene

» Stock Market to stay Bullish
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyMon Jul 08, 2019 7:51 am by කිත්සිරි ද සිල්වා

» Is an emoji a word or a gesture?
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyMon Jul 08, 2019 7:46 am by කිත්සිරි ද සිල්වා

»  Rajgama Heroes !
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyMon Jul 08, 2019 7:39 am by කිත්සිරි ද සිල්වා

» HHL.N0000 ( Hemas Holdings PLC)
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptySun Jul 07, 2019 12:25 pm by dhanurrox

» Checkmate, meatbags !
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptySun Jul 07, 2019 7:20 am by spw19721

» GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptySat Jul 06, 2019 8:13 am by කිත්සිරි ද සිල්වා

» සංචාරක පැමිණීම ක්‍රමයෙන් යහපත් වන ලකුණු
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyFri Jul 05, 2019 6:11 pm by serene

» SAMP.N0000 (SAMPATH BANK PLC)
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» Easter Sunday Attack and Sri Lanka
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyThu Jul 04, 2019 8:46 am by කිත්සිරි ද සිල්වා

» අනං මනං! #/+?.<>
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyWed Jul 03, 2019 10:07 pm by ruwan326

» First capital holdings
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyWed Jul 03, 2019 1:37 pm by serene

» What to Analyse
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyMon Jul 01, 2019 11:33 am by serene

» අනිසි ලෙස කොටස් මිල හැසිර වූ ආයෝජකයින් දෙදෙනෙකුට සුරැකුම්පත් කොමිසමෙන් නඩු
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyFri Jun 28, 2019 2:11 pm by Ethical Trader

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Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyFri Jun 28, 2019 7:46 am by serene

» AAIC.N0000
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyFri Jun 28, 2019 7:33 am by serene

» SERV - The Kingsbury
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyThu Jun 27, 2019 8:27 pm by ruwan326

» TPL.N0000 (TALAWAKALE PLANTATIONS )
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyWed Jun 26, 2019 2:22 pm by nuwanmja

» Life After Google
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyTue Jun 25, 2019 5:28 pm by කිත්සිරි ද සිල්වා

» S&P ශ්‍රී ලංකා 20 දර්ශකයේ වෙනසක්. CTC, NTB, රිචඩ් පීරිස් සහ ටෝක්යෝ සිමෙන්ති ඉවතට
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyTue Jun 25, 2019 6:37 am by nihal123

» Future of Tea Industry
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyMon Jun 24, 2019 6:54 pm by hammurabi

» Cricket !
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyMon Jun 24, 2019 2:22 pm by කිත්සිරි ද සිල්වා

» DIPD.N0000 (Dipped Products)
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyMon Jun 24, 2019 11:40 am by Ethical Trader

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptySun Jun 23, 2019 9:14 pm by hammurabi

» මිල සූත්‍රය වැරදුණාද, වැරැද්දුවාද?
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyFri Jun 21, 2019 5:25 pm by Ethical Trader

» Happy Father's Day !
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyMon Jun 17, 2019 8:58 pm by spw19721

» DPL.N0000 (Dankotuwa Porcelain PLC)
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptySun Jun 16, 2019 7:12 am by NIRMALSG

» Re: Financial reports Q1-2019
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyFri Jun 14, 2019 8:57 pm by dhanurrox

» SEYB.N0000 ( SEYLAN BANK PLC )
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyThu Jun 13, 2019 8:11 pm by ruwan326

» NTB.N0000 (NATIONS TRUST BANK PLC)
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyThu Jun 13, 2019 8:08 pm by ruwan326

» PABC.N0000 (Pan Asia Banking Corporation PLC)
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyThu Jun 13, 2019 8:06 pm by ruwan326

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyThu Jun 13, 2019 7:58 pm by ruwan326

» HNB.N0000 ( Hatton National Bank PLC)
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyThu Jun 13, 2019 7:57 pm by ruwan326

» HDFC.N0000 (HOUSING DEVELOPMENT FINANCE CORPORATION BANK OF SRI LANKA)
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyThu Jun 13, 2019 7:48 pm by ruwan326

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Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyThu Jun 13, 2019 7:45 pm by ruwan326

» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyThu Jun 13, 2019 7:43 pm by ruwan326

» Should CSE be like this? Whose FAULT is it?
Telenor and Dialog Axiata's parent in talks to merge Asian businesses EmptyWed Jun 12, 2019 5:21 pm by Yin-Yang

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Telenor and Dialog Axiata's parent in talks to merge Asian businesses

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Telenor and Dialog Axiata's parent in talks to merge Asian businesses Empty Telenor and Dialog Axiata's parent in talks to merge Asian businesses

Post by Backstage on Mon May 06, 2019 1:50 pm

Telenor and Dialog Axiata's parent in talks to merge Asian businesses
May 06, 2019

AFP - Norwegian telecom operator Telenor said Monday it has entered into talks with Malaysian telecoms group Axiata about a potential merger of the companies' Asian operations.

The deal would see the two companies combine their telecom and infrastructure assets into a new company, of which Telenor would own 56.5 percent and Axiata the remaining 43.5 percent, Telenor said in a statement, adding that these figures were subject to change.

According to Telenor, which operates in the Nordic nations as well as Eastern Europe and Asia, the combined businesses would have close 300 million customers in nine different countries, making it one of the largest mobile infrastructure companies operating in Asia.

Telenor said it wants the new company to take an "active role in accelerating technology transformation and digitalisation" across Asia.

"Together, we aim to create a leading and well-diversified pan-Asian telecom and infrastructure company with substantial synergy potential and strong regional operations," Gunn Waersted, chair of Telenor Group, said in a statement.

Telenor currently operates in Thailand, Malaysia, Bangladesh, Pakistan and Myanmar, while Axiata has operating companies in Malaysia, Bangladesh, Cambodia, Nepal, Sri Lanka and Indonesia, however Axiata's mobile business in Bangladesh, Robi, would be excluded from the deal and independently managed by Axiata.

The two companies hope the agreement, which needs both regulatory and shareholder approval, can be finalised within the third quarter of this year.

The new company would have its operational headquarters in Kuala Lumpur and was planned to be listed on an international stock exchange as well as on Bursa Malaysia.

Axiata's share price rose 2.3 percent following the announcement on Monday.
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