ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business deals

Telenor CEO vows to 'control' Asia tie-up with Axiata

Singtel and Viettel are also bent on Southeast Asian domination

Thailand is one of nine telecom markets where Axiata and Telenor are active.   © Reuters

SINGAPORE -- Malaysia's Axiata Group and Norway's Telenor are about to crank Southeast Asia's already vicious mobile competition up a notch with a proposed merger.

The companies are in talks to combine Axiata with Telenor's extensive Asian operations, creating a player with 50 billion ringgit ($12 billion) in revenue and 300 million customers across nine countries. This would be a direct challenge to two rivals that have been on the offensive regionwide -- Singapore's Singtel and Vietnam's Viettel -- and would likely fuel a broader industry shake-up.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more