Khazanah, Telenor revive talks to explore Axiata deal

Exploratory talks: Khazanah Nasional Bhd and Telenor are in the early stages of exploring several possible scenarios including Telenor buying part of the wealth fund’s stake in Axiata. — Bloomberg

KUALA LUMPUR: Malaysia’s sovereign fund and Telenor ASA have revived talks on a potential deal involving Axiata Group Bhd, people familiar with the matter said, just four months after the carriers scrapped negotiations on a broader merger of their Asian operations.

Khazanah Nasional Bhd and Telenor are in the early stages of exploring several possible scenarios, including Telenor buying part of the wealth fund’s stake in Axiata, the people said, who asked not to be identified because the deliberations are private.