Telenor, Axiata end chats on the merger of Asian tasks
Image collected
Telenor Group and Axiata Group Bhd have commonly consented to end discourses to combine their Asia tasks to increase a greater a dependable balance in the district's cell phone advertise with possibly 300 million clients crosswise over nine nations.
Declaring the improvement in an announcement on Friday, Telenor said the proposed arrangement fallen following four months of talks 'because of certain complexities' without revealing any further insight into the issue, reports bdnews24.com.
In the proposed non-money merger, Telenor's stake was required to be 56.5 percent and Axiata's 43.5 percent.
The two organizations work in Malaysia, Thailand, Myanmar, Bangladesh, and Pakistan. Axiata likewise has a nearness in India, Sri Lanka, Nepal, Cambodia, and Indonesia.
Nonetheless, Axiata's portable activities in Bangladesh, Robi, would keep on being independently and freely overseen by Axiata.
The gatherings don't decide out that a future exchange could be conceivable, Telenor said.
Tags :
Previous Story
- Amicable settlement best option
- GP profit dips by Tk116cr in July-Sept
- 'Administrator' challenges the 5G potential
- Govt pledges to acknowledge duty
- Robi to get enlisted soon, says BSEC chief
- Bangladesh's leading cellphone companies in legal tussle
- Shareholders may consider sale of Robi, says CEO
- Importance of Proper Communication in Businesses through Different...