0
Wireless

Telenor to merge Asian operations with Axiata, sees USD 5 bln in synergies

Monday 6 May 2019 | 09:26 CET | News
Telenor Group and Axiata Group announced talks on a potential non-cash merger of their telecom and infrastructure assets in Asia, in which Telenor would take a majority stake. The MergeCo would have its HQ in Malaysia and would serve nearly 300 million customers using approximately 60,000 towers in nine countries in Asia. 

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Axiata / Axiata Bangladesh / Celcom Axiata / Digi / DTAC / Edotco / Ncell / Robi Axiata / Smart Axiata / Telenor / Telenor Myanmar / Telenor Pakistan
Countries: Asia
::: add a comment
This article is part of dossier

5G

,

IoT


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

CK Hutchison, Axiata in talks to merge Indonesia operations - report

Published 11 Sep 2019 09:39 CET | Indonesia
Hong Kong conglomerate CK Hutchison has made a preliminary offer to Axiata Group on the potential combination of their Indonesian ...

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

Published 06 Sep 2019 12:04 CET | Asia
Telenor Group said that it has reached a mutual agreement with Axiata Group to end discussions regarding a combination of their ...

Axiata expects to beat FY guidance after strong Q2 growth

Published 29 Aug 2019 09:44 CET | Asia
Axiata said its 'Shifting Gear' strategy launched at the end of 2018 is starting to bear fruit, with a solid improvement in Q2 ...

XL Axiata's H1 revenue jumps 11%, turns to net profit

Published 04 Aug 2019 06:08 CET | Indonesia
Indonesian operator XL Axiata posted revenue of IDR 12.26 trillion in the first half of 2019, which represents an increase of 11 ...

Telenor lowers FY outlook to flat revenues on tough Asian markets

Published 16 Jul 2019 09:04 CET | Scandinavia
Telenor has lowered its full year outlook to flat underlying revenues and a small decline in EBITDA, due to weaker results at its ...

Digi lowers FY outlook as Q2 revenue declines 4.3%

Published 15 Jul 2019 17:57 CET | Malaysia
Malaysian operator Digi posted second-quarter service revenue of MYR 1.45 billion, down 4.3 percent year-on-year on cuts to ...

Malaysian operators sign Consumer First Pledge to raise service quality

Published 19 Jun 2019 08:38 CET | Malaysia
Malaysian operators Celcom Axiata, Digi Telecommunications, Maxis, Telekom Malaysia, Time dotcom, U Mobile and YTL Communications ...

Axiata Group's Q1 profit doubles on one-off gains from M1 divestment

Published 29 May 2019 09:31 CET | Asia
Axiata's cash balance grew to MYR 6.8 billion in the first quarter of 2019, up from MYR 5.1 billion in 2018, following the M1 ...

Robi ends March with 29 mln mobile data subscribers

Published 29 May 2019 08:52 CET | Bangladesh
Bangladeshi mobile operator Robi saw its profit jump to BDT 110 million in the first quarter of 2019. However, due to the ...

Ncell launches Unlimited Roaming Data Pack for travelers to India

Published 28 May 2019 09:46 CET | Nepal
Nepalese operator Ncell has launched an 'Unlimited Roaming Data Pack' for travelers to India. Ncell customers can now use Ncell ...

Mobitel launches 850MHz LTE network, demos 5G service in Polonnaruwa

Published 28 May 2019 08:51 CET | Sri Lanka
Sri Lanka operator Mobitel has demonstrated its 5G service in Polonnaruwa. Participants at Mobitel's 5G demo were able to access ...

Bangladesh passes 160 mln mobile subscribers milestone in April

Published 27 May 2019 08:23 CET | Bangladesh
Bangladesh counted 160.59 million mobile phone subscribers in April, up from 159.78 million at end-March, according to data from ...

Celcom revamps management team

Published 15 May 2019 10:05 CET | Malaysia
Celcom Axiata has appointed Shanti Jusnita as its chief customer service and experience officer, effective immediately. Celcom ...

Celcom launches unlimited internet package for Xpax prepay customers

Published 15 May 2019 09:58 CET | Malaysia
Malaysia operator Celcom has launched the 'Ultra Hour Pass' service for Xpax customers. The package offers unlimited internet ...

Robi launches discount offer for travelers via Ghurbo platform

Published 15 May 2019 07:37 CET | Bangladesh
Bangladeshi mobile operator Robi has expanded its digital travel service dubbed 'Ghurbo' with the launch of a travel package ...

Edotco launches Smart Bus Shelter in Malaysia

Published 13 May 2019 11:00 CET | Malaysia
Edotco has launched the Smart Bus Shelter pilot project in Malaysia. The proof of concept (PoC) provides coverage at street level ...

Last week in telecoms: expanded earnings reports from Iliad, Deutsche Telekom, Liberty Global, BT, Zayo and Telefonica

Published 13 May 2019 07:01 CET | Europe
The European telecoms marktet was particularly eventful in week 19, but a downturn couldn't be prevented on the overall market. ...

Telenor Myanmar launches Mother's Day promo for Star customers

Published 08 May 2019 10:42 CET | Myanmar
Telenor Star members will also receive a 55 percent discount on beauty and hair treatment on their first visit to the facility, ...

Dialog launches Touch Corporate Transport Card for enterprises

Published 08 May 2019 10:34 CET | Sri Lanka
Sri Lanka operator Dialog Axiata, in partnership with Kangaroo Cabs, has introduced the Touch Corporate Transport Card for ...

Robi confirms not included in Axiata - Telenor JV deal

Published 07 May 2019 08:55 CET | Bangladesh
Axiata Group, parent company of Bangladeshi operator Robi Axiata, is in discussion with Telenor Group to merge both of their ...

Axiata Digital establishes USD 500 mln valuation with Mitsui investment

Published 06 May 2019 10:20 CET | Asia
Axiata Digital Services, the digital services arm of Axiata Group, has received a minority investment by Mitsui. The investment ...

Telenor Pakistan reports 700,000 more mobile subscribers in Q1, revenue and EBITDA expand

Published 30 Apr 2019 12:27 CET | Pakistan
Telenor said its operation in Pakistan delivered "solid" revenue growth and strong profitability in the first quarter despite ...

Telenor's results drift lower in Q1, maintains outlook for modest FY growth

Published 30 Apr 2019 09:02 CET | Scandinavia
Telenor reported a small increase in revenues in the first quarter, while underlying service revenue growth was flat and EBITDA ...

Dtac service revenues fall 5.7% in Q1, loses another half million prepaid users

Published 29 Apr 2019 10:08 CET | Thailand
Thai operator Dtac reported first-quarter revenues of THB 19.64 billion, up 2.0 percent from a year earlier due mainly to ...

Edotco Malaysia deploys hybrid renewable energy service for off-grid sites

Published 18 Apr 2019 10:30 CET | Malaysia
Edotco Malaysia has deployed a hybrid renewable energy service with fuel cells to power remote, off-grid sites in Sabah. The ...

Axiata to get tax bil for Ncell takeover

Published 10 Apr 2019 12:13 CET | Nepal
Axiata Group has confirmed that the Supreme Court of Nepal has issued its full written order on 9 April in relation to its oral ...

Telenor enters Finland with acquisition of 54% of DNA for EUR 1.5 bln

Published 09 Apr 2019 10:41 CET | Finland
Telenor Group said it has agreed to acquire 54 percent of the shares in the Finnish telecom operator DNA for EUR 20.90 each in ...

Axiata Group revenue grows 3.7%, EBITDA up 2% in 2018

Published 22 Feb 2019 12:28 CET | Asia
The company's board of directors resolved a higher full-year total dividend of 9.5 sen per ordinary share, including the interim ...

Axiata agrees to sell M1 stake to Keppel for MYR 1.65 billion

Published 17 Feb 2019 15:58 CET | Singapore
Axiata has agreed to sell its stake in Singapore operator M1 in the buy-out offer from shareholder Keppel. At the terms offered ...

Axiata's Edotco expands to Laos with deal to acquire shares in Mekong Tower Company

Published 30 Jan 2019 12:20 CET | Lao People's Democratic Republic
Edotco Investments (Labuan), a subsidiary of Edotco Group, which in turn is a subsidiary of Axiata Group, said it signed a share ...