BRIEF-Axiata Says Co & Telenor ASA Mutually Agreed To End Discussions On Proposed Transaction

Reuters

6 September 2019 at 2:47 am

Sept 6 (Reuters) - Axiata Group Bhd:

* AXIATA GROUP - CO AND TELENOR ASA MUTUALLY AGREED TO END DISCUSSIONS REGARDING NON-CASH COMBINATION OF THEIR TELECOM AND INFRASTRUCTURE ASSETS IN ASIA

* BOTH PARTIES STILL ACKNOWLEDGE STRONG STRATEGIC RATIONALE OF PROPOSED TRANSACTION

* THE PARTIES DO NOT RULE OUT THAT A FUTURE TRANSACTION COULD BE POSSIBLE

* GROUP ALSO ANNOUNCED IT IS LIKELY TO EXCEED ITS 2019 HEADLINE KPIS FOR EBITDA GROWTH AND ROIC Source text http://bit.ly/2LAjyci Further company coverage:

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