Axiata, Telenor sign $15b deal to merge Malaysian telecoms units

Axiata, Telenor sign $15b deal to merge Malaysian telecoms units

FILE PHOTO: A general view of the Axiata headquarters building in Kuala Lumpur, Malaysia, October 1, 2019. REUTERS/Lim Huey Teng/File Photo

Malaysian telecoms firm Axiata Group Bhd and Norway’s Telenor ASA sealed an agreement to merge their mobile operations in Malaysia in a $15 billion deal, forming a new market leader in the competitive Southeast Asian nation.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter