Telenor ASA (TEL.OL)
22 May 2019
SINGAPORE Singapore Telecommunications is set to post its lowest annual profit in 16 years on Wednesday, underscoring challenges Southeast Asia's largest telecoms firm faces as its rivals strike deals in a highly competitive industry.
OSLO/KUALA LUMPUR Norway's Telenor and Malaysia's Axiata Group are in talks to run a jointly owned telecoms giant in South and Southeast Asia with nearly 300 million customers, as they seek to drive up growth in a highly competitive market.
* MergedCo to have $13 bln revenue, biggest telco in SEAsia (Adds details)
OSLO, May 6 Norway's Telenor is in negotiations with Malaysia's Axiata Group to form a telecoms holding company with close to 300 million customers, the companies said on Monday.
(Corrects paragraph 17 in April 9 story to "jumped as much as 7 percent" from "jumped about 40.2 percent")
* STOXX 600 slides from eight-month high hit earlier on Tuesday
OSLO Telenor will enter Finland's telecoms market after agreeing to buy a controlling stake in the country's third-largest mobile firm DNA, completing its presence in the Nordic region.
* DNA shares rise 8.3 pct, Telenor drops 0.3 pct (Adds Telenor CEO, DNA chairman, valuation, bullets)
OSLO Telenor CEO Sigve Brekke met with the CEO, CFO and Chairman of DNA in Helsinki on Tuesday soon after its acquisition of a 54-percent stake in the Finnish mobile operator was announced, Brekke said on Tuesday.
OSLO, April 9 Telenor CEO Sigve Brekke met with the CEO, CFO and Chairman of DNA in Helsinki on Tuesday soon after its acquisition of a 54-percent stake in the Finnish mobile operator was announced, Brekke said on Tuesday.