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Telenor and Axiata call off proposed merger in Asia

2019-09-09 02:00:00| Total Telecom industry news

Telenor and Axiata have announced that they have ended discussions over a possible merger between the two telecoms players. In a statement on its website, Telenor said that the pair had mutually agreed to end discussions regarding the proposed merging of their telecom and infrastructure assets in Asia…read more on TotalTele.com »

Tags: call asia proposed merger

Telenor and Axiata call off Asian operations merger blaming 'complexities'

2019-09-06 12:04:00| Telecompaper Headlines

(Telecompaper) Telenor Group said that it has reached a mutual agreement with Axiata Group to end discussions regarding a combination of their telecom and infrastructure assets in Asia. It said that over the last four months, both parties have been working on due diligence and finalising transaction agreements, aiming for completion in the third quarter of 2019. Because of "some complexities involved in the proposed transaction", they have mutually agreed to end the discussions.

Tags: call operations asian merger

T-Mobile employees fear job cuts ahead of Sprint merger

2019-09-05 02:00:00| Total Telecom industry news

T-Mobile employees in the US have written to Tim Hoettges, CEO of the firm's parent company Deutsche Telekom, to seek assurances over their long-term job security after the firm's imminent merger with Sprint…read more on TotalTele.com »

Tags: job employees ahead fear

Mediaset shareholders approve European merger plan, Vivendi to launch court action

2019-09-04 15:45:00| Telecompaper Headlines

(Telecompaper) Italian broadcaster Mediaset announced that its shareholders approved the company's plan to set up a pan-European media group under a Netherlands-based holding company called Media for Europe (MFE) at an extraordinary meeting held in Milan. The corporate overhaul, strongly opposed by shareholder Vivendi, will result in the merger of Mediaset SpA and Mediaset Spain into the Dutch company, with Mediaset shareholders receiving one MFE ordinary share for each Mediaset share owned. The plan is to list MFE in Milan and Madrid later this year.

Tags: plan action court european