Axiata-Telenor merger in jeopardy?

THE proposed merger between Axiata Group Bhd and Norway’s Telenor ASA, that would have created a regional telecoms giant, may have hit a snag.

Sources say there are too many issues that need to be ironed out given the complexity of the merger, but at this point of time it “seems difficult to get positive variations for a win-win for both parties.” “There are lots of clauses and terms that need to be met for the merger to be a win-win. These terms seem to be favouring Telenor and that could be a sticky issue,’’ says a source.