The negotiation also involves Axiata’s operations in Cambodia, Indonesia and Sri Lanka, apart from countries where both have a presence, according to sources familiar with the merger talks.
KUALA LUMPUR (May 6): Two Asian telco giants — Malaysia-based Axiata Group Bhd and Norwegian Telenor Group — are in talks to merge their operations in Asia.
In terms of geographical presence, Axiata has a wider footprint. While the two mobile service operators both have a presence in Malaysia, Thailand, Myanmar, Bangladesh and Pakistan, Axiata also operates in India, Sri Lanka, Nepal, Cambodia and Indonesia where Telenor is not present.
