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Axiata and Telenor announce mega-merger of Asian assets
- Tuesday | 7th May, 2019
Axiata Group Berhad (“Axiata”) and Telenor ASA (“Telenor”) are in discussions to establish a new merged global entity by combining Axiata and Telenor’s Asian operations within both their ASEAN and South Asia footprint markets. Separately, Robi Axiata Limited, a subsidiary of Axiata operating in Bangladesh shall continue to be managed independently by Axiata post completion of this proposed transaction. This is in line with the intention of creating a Global Champion comprising of their diverse market-leading portfolio of telecommunications, digital and infrastructure assets. This proposed transaction will be based on the principle of merger of equals between Axiata and Telenor. The intention is to create a commercial Board governed company, combining the best-in-class talents, capabilities and culture of Axiata and Telenor in the merged company group.
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