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    AXIATA   MYL6888OO001

AXIATA GROUP

(AXIATA)
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Telenor CEO eyes more M&A deals after Malaysia

04/08/2021 | 05:59am EDT
FILE PHOTO: Sigve Brekke, President and CEO of Telenor, delivers a keynote speech during the Mobile World Congress in Barcelona

OSLO (Reuters) - Norwegian telecoms firm Telenor will seek opportunities for mergers and acquisitions in several of its Asian markets, as well as in Denmark, to obtain the size and cost savings needed for digital investments, its chief executive said on Thursday.

Telenor and Malaysia's Axiata Group are nearing a deal to combine their Malaysian mobile operations to create the country's top player, the two companies announced earlier on Thursday.

"In the last couple of years we've spoken of the need to affirm our positions in the five Asian markets in which we operate," Chief Executive Sigve Brekke told Reuters.

"This time we're doing it in Malaysia, and we're also saying we will look at opportunities in other countries," Brekke said, adding that Denmark was among the countries in need of market consolidation.

(Reporting by Terje Solsvik, editing by Victoria Klesty)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AXIATA GROUP -1.30% 3.8 End-of-day quote.1.60%
DIGI.COM -0.23% 4.25 End-of-day quote.2.66%
GRAMEENPHONE LTD. 0.93% 338.2 End-of-day quote.-2.56%
TELENOR ASA 0.56% 153.9 Real-time Quote.4.90%
TOTAL ACCESS COMMUNICATION 0.80% 31.5 End-of-day quote.-5.26%
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04/08Shares in axiata group berhad rise as much as 9.7% at open after announcing a..
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04/08Axiata, Telenor in talks to form Malaysia's top mobile operator
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04/08Telenor CEO eyes more M&A deals after Malaysia
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04/08Telenor has firm commitment to South-East Asia, CFO says
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04/08TELENOR  : Axiata Plan Mobile Operations Merger in Malaysia
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04/08TELENOR  : and Axiata in discussions to merge Malaysian operations
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04/08Axiata, Telenor in talks to form Malaysia's top mobile operator
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04/07Axiata group and telenor set to announce corporate transaction involving mobi..
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More news
Financials
Sales 2020 24 065 M 5 835 M 5 835 M
Net income 2020 797 M 193 M 193 M
Net Debt 2020 17 325 M 4 201 M 4 201 M
P/E ratio 2020 42,2x
Yield 2020 2,08%
Capitalization 34 856 M 8 447 M 8 452 M
EV / Sales 2020 2,17x
EV / Sales 2021 2,03x
Nbr of Employees 12 976
Free-Float 63,3%
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Technical analysis trends AXIATA GROUP
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 4,24 MYR
Last Close Price 3,80 MYR
Spread / Highest target 23,7%
Spread / Average Target 11,6%
Spread / Lowest Target -1,05%
EPS Revisions
Managers and Directors
NameTitle
Mohammad Izzaddin bin Idris President, Group CEO, MD & Executive Director
Vivek Sood Group Chief Financial Officer
Ghazzali Abdul Khalid Chairman
Amandeep Singh Group Chief Technology Officer
Nirmal Anthony Rodrigo Group Chief Information Officer
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