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TELNY Telenor ASA (QX)

12.03
0.19 (1.60%)
03 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Telenor ASA (QX) USOTC:TELNY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.19 1.60% 12.03 11.90 12.20 12.04 11.8907 11.98 41,168 21:00:52

Malaysia's Axiata Group Attracts Interest for Its Tower Unit - Bloomberg

19/08/2019 4:56am

Dow Jones News


Telenor ASA (QX) (USOTC:TELNY)
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-- Axiata Group has attracted preliminary expressions of interests for a potential takeover of its Edotco Group unit ahead of a merger with Norway-based Telenor ASA's Asian operations, Bloomberg reports, citing people with knowledge of the matter.

-- Edotco could be valued as much as US$3 billion in the deal, Bloomberg reports.

-- The informal approaches have not led to any detailed discussions and Axiata will continue to conduct due diligence on the proposed deal with Telenor, according to Bloomberg's sources.

-- A representative for Axiata's declined to comment on a possible deal involving Edotco.

 

Full story: https://www.bloomberg.com/news/articles/2019-08-17/axiata-s-3-billion-tower-arm-is-said-to-draw-takeover-interest

 

Write to Singapore editors at singaporeeditors@dowjones.com

 

(END) Dow Jones Newswires

August 18, 2019 23:41 ET (03:41 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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