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Telenor in talks regarding merge of Asian operations
May 7, 2019

Telenor, a Norwegian-based telecommunications company that recently acquired Finnish-based DNA, has entered discussions with Malaysia-based Axiata Group to merge Asian operations. Telenor will be the majority shareholder with 56.5 pct. of the shares. Pro-forma revenue is USD 13bn and pre-synergy EBITDA is USD 5.5bn for the combined entity.

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