OSLO: Norway’s Telenor and Thailand’s Charoen Pokphand Group (CP Group) are exploring a merger of their telecom items in Thailand that would type a brand new market chief within the Southeast Asian nation.
A deal, if accomplished, would merge the telecom operations of Telenor’s Whole Entry Communication (Dtac) and CP Group’s True Company (True), Oslo-based Telenor mentioned in a press release on Friday.
Dtac is presently valued at round $3 billion, in keeping with Refinitiv Eikon information, whereas True has a price of $4.5 billion.
CP Group didn’t instantly reply to a request for remark.
Telenor hq belgrade
It will be the Norwegian agency’s second tie-up in Southeast Asia this yr, following a June take care of Axiata Group Bhd
to merge cell operations in Malaysia https://www.reuters.com/enterprise/media-telecom/axiata-telenor-sign-deal-merge-malaysian-telecoms-units-2021-06-21 in a $15 billion transaction, creating a brand new market chief there.
Cellular operators are going through stress on earnings in a difficult business surroundings and mounting funding prices as new applied sciences resembling 5G emerge.
“There are open points excellent and there’s no certainty that the discussions will lead to a last settlement. Telenor won’t present any additional feedback at this stage of the method,” the Norwegian firm mentioned.
Telenor serves 172 million…
– Reuters
