Telenor still on lookout for deals after failed Axiata M&A: CEO

OSLO: Norwegian telecoms firm Telenor ASA said it is still interested in potential mergers and acquisitions following the failed deal between its Asian business and Malaysia’s Axiata Group.

“We will be looking at value-creating opportunities,” Chief Executive Sigve Brekke told a conference call on Wednesday. He declined to elaborate on what those opportunities could be.

Telenor and Axiata in September called off their proposed deal to create a telecoms joint venture with nearly 300 million customers across South Asia and Southeast Asia, blaming “complexities” in the project.