Sri Lanka’s Dialog says Axiata-Telenor merger off

ECONOMYNEXT – Sri Lanka’s Dialog Axiata said a planned merger of its parent with Telenor has been called off.

“..Axiata and Telenor had mutually agreed to end the discussions regarding non-cash combination of their telecom and infrastructure assets in Asia,” the firm said in a stock exchange filing.

Axiata in a filing on the Kuala Lumpur said the talks were dropped over unspecified complexities in the planned deal.

“The parties do not do not rule out that a future transaction could be possible,” Axiata said. (Colombo/Sept09/2019)