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Axiata and Telenor Agreed To End Discussions on Proposed Transaction

Mna News - Published on Mon, 09 Sep 2019

Image Source: Telenor
Axiata Group Berhad and Telenor Group have mutually agreed to end discussions regarding a non cash combination of their telecom and infrastructure assets in Asia. Both parties have been working on due diligence and finalising transaction agreements to be completed within the third quarter of 2019. Due to some complexities involved in the Proposed Transaction, the parties have mutually agreed to end the discussions. 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.

The parties do not intend to provide further comments.

Source :

Posted By : TelecomGuru on Mon, 09 Sep 2019
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