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Axiata to acquire 80% stake in Ncell for USD 1.3 bln

2015-12-21 09:33:00| Telecompaper Headlines

(Telecompaper) Malaysia-based Axiata Group has agreed to buy Nepalese mobile operator Ncell from TeliaSonera. Axiata thus expands its regional footprint, entering the Nepalese market. Through its subsidiary Axiata Investments (UK), Axiata has entered into a conditional agreement with TeliaSonera and SEA Telecom Investments for the 100 percent acquisition of Reynolds Holdings for USD 1.365 billion. This provides Axiata with an 80 percent equity interest and controlling stake in Ncell.

Tags: usd acquire stake bln

Category:Telecommunications

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