Telenor and Axiata in talks to merge Asian businesses

The deal would see the two companies combine their telecom and infrastructure assets into a new company, of which Telenor would own 56.5 percent and Axiata the remaining 43.5 percent, Telenor said in a statement on Monday, adding that these figures were subject to change.

According to Telenor, which operates in the Nordic nations as well as Eastern Europe and Asia, the combined businesses would have close to 300 million customers in nine different countries, making it one of the largest mobile infrastructure companies operating in Asia.

Telenor said it…
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