\tTelenor opened early stage talks with Axiata Group\u2019s largest shareholder on the potential acquisition of a minority stake in the Malaysia-based operator group, Bloomberg reported, reigniting the possibility of a wide-reaching tie-up between the two.<\/p>\n
The news publication\u2019s sources claimed Telenor was in talks with Malaysian sovereign wealth fund Khazanah Nasional Berhad on a number of options related to Axiata, months after discussions [1] on a merger between Axiata and Telenor collapsed.<\/p>\n
Potential arrangements include buying part of Khazanah Nasional Berhad’s 37 per cent stake in Axiata, or specific deals related to individual countries or infrastructure assets.<\/p>\n
In September 2019 [2] Axiata and Telenor mutually agreed to end talks over a potential merger of their businesses in Asia, having first announced the proposed tie-up in May. The original plan would have involved the companies combinng their operations in the area, with Telenor taking a majority stake.<\/p>\n
On announcing the abandonment of the original proposal, Telenor said it did not rule out a future transaction related to Axiata.<\/p>\n
Earlier this week Telenor announced a revamp of its management team [3] in three of its Asian units, as it aims to refocus its operation in the region.<\/p>\n[1] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/axiata-telenor-drop-merger-discussions\/
\n[2] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/axiata-telenor-drop-merger-discussions\/
\n[3] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/telenor-changes-the-guard-in-asia\/<\/p>\n","protected":false},"excerpt":{"rendered":"
Telenor opened early stage talks with Axiata Group’s largest shareholder on the potential acquisition of …<\/p>\n
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