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

2019-05-06 09:26:00| Telecompaper Headlines

(Telecompaper) 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. 

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Category:Telecommunications

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