Malaysia’s Axiata to refrain from M&A deals after Telenor talks collapse

Malaysia’s Axiata to refrain from M&A deals after Telenor talks collapse

FILE PHOTO - A security officer guards in front of the Axiata headquarters building in Kuala Lumpur May 28, 2014. REUTERS/Samsul Said

Axiata Group Bhd. will refrain from undertaking mergers and acquisitions in the near term as Malaysia’s biggest wireless carrier looks to improve its operations, people with knowledge of the matter said.

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