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Wireless

Telenor and Axiata call off Asian operations merger blaming 'complexities'

Friday 6 September 2019 | 12:04 CET | News
Telenor Group said that it has reached a mutual agreement with Axiata Group to end discussions regarding a combination of their telecom and infrastructure assets in Asia. It said that over the last four months, both parties have been working on due diligence and finalising transaction agreements, aiming for completion in the third quarter of 2019. Because of "some complexities involved in the proposed transaction", they have mutually agreed to end the discussions.

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Categories: Mobile & Wireless
Companies: Axiata / Telenor
Countries: Asia
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