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Axiata, Telenor To End Discussions Regarding Combination Of Assets In Asia

Axiata Group Berhad and Telenor Group (TELNY.PK,TELN) have mutually agreed to end the discussions regarding a non-cash combination of their telecom and infrastructure assets in Asia due to some complexities involved in the proposed deal. Over the last four months, the companies were finalising transaction agreements to be completed within the third quarter of 2019.

Telenor's Asian footprint includes Thailand, Malaysia, Bangladesh, Pakistan and Myanmar. Axiata has operating companies in Malaysia, Bangladesh, Cambodia, Nepal, Sri Lanka and Indonesia, and the tower business edotco.

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