The Investor Sentiment - Equity and investments forum for Sri Lankans
The Investor Sentiment - Equity and investments forum for Sri Lankans
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting
Search
Display results as :
Advanced Search
Latest topics
CSE Daylight Robbery !Mon Sep 21, 2020 9:54 pmYin-Yang
Trading Journal Tue Sep 15, 2020 10:37 pmThe Invisible
AEL Access EngineeringTue Sep 15, 2020 7:24 pmsmallville
CFVF - First CapitalWed Sep 09, 2020 9:42 pmWonderer
DIPD.N0000 (Dipped Products PLC)Mon Sep 07, 2020 8:47 amBeta
Plantation Sector UpdatesMon Aug 24, 2020 10:00 amserene
අනං මනං! #/+?.<>Tue Aug 18, 2020 11:15 pmYin-Yang
Dividend AnnouncementsMon Aug 17, 2020 1:27 pmRana
Ceylon Tobacco CTCSun Aug 16, 2020 5:11 pmThe Invisible
Sunshine HoldingsFri Aug 14, 2020 9:39 pmThe Invisible
HAYC - HaycarbFri Aug 14, 2020 10:15 amBeta
Tokyo CementThu Aug 13, 2020 11:45 pmThe Invisible
LOLC HoldingsWed Aug 12, 2020 3:52 pmThe Invisible
SLTL.NWed Aug 12, 2020 11:06 amThe Invisible
Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Go down
Backstage
Backstage
Top contributor
Top contributor
Posts : 3775
Join date : 2014-02-24

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

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.
Back to top
Permissions in this forum:
You cannot reply to topics in this forum