This time they may start small, with Telenor buying part of the nearly 37% stake held by Axiata’s largest shareholder, Malaysian sovereign wealth fund Khazanah Nasional Bhd.
THIS time, it might just work. Telenor ASA and Axiata Group Bhd
. are back at the negotiating table. Joining forces in South and Southeast Asia still makes sense for both carriers.
Options including a mooted minority investment from Norway’s $27 billion telecoms heavyweight could be enough to get them started, with sales and spinoffs to follow.
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