Axiata, Telenor Call Off Merger Deal Due to 'Complexities'

Axiata, Telenor Call Off Merger Deal Due to 'Complexities'

Axiata Group and Telenor Group announced today that they have mutually agreed to end discussions on a possible merger due to "some complexities involved in the proposed transaction".

Both parties have agreed to end discussions regarding a non-cash combination of their telecom and infrastructure assets in Asia. Over the last four months, both parties have been working on due diligence and finalising transaction agreements to be completed within the third quarter of 2019.

Both parties still acknowledge the strong strategic rationale of the Proposed Transaction. The parties do not rule out that a future transaction could be possible.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

PREVIOUS POST

Spark NZ's Qrious Acquires NOW Consulting to Boost Data and Analytics Portfolio

THE EDITOR'S DESK

UPCOMING EVENTS

Artelligence 2019

Network Virtualization and SDN Asia

Network Virtualization & SDN Americas

Mobile 360 Digital Societies 2019

TADSummit 2019

MWC Los Angeles 2019

The Digitrans Forum 2019

Mobile 360 Eurasia 2019

ON TWITTER

ON FACEBOOK