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    AXIATA   MYL6888OO001

AXIATA GROUP BERHAD

(AXIATA)
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Telenor still on lookout for deals after failed Axiata M&A - CEO

10/23/2019 | 05:01am EDT
Telenor's logo is seen in central Belgrade

OSLO (Reuters) - Norwegian telecoms firm Telenor 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.

The Norwegian firm recently completed a takeover of Finnish telecoms operator DNA and on Tuesday announced the planned merger of its Canal Digital TV distribution business with Sweden's Nordic Entertainment Group AB.

"We are value driven at anything we do on mergers and acquisitions ... We were value driven in DNA, value driven in Axiata and we will be value driven in anything else we do," Brekke said.

Earlier on Wednesday, Telenor reported third-quarter profits in line with analysts' forecasts and reiterated its full-year outlook. The company said it will present an updated strategy in late January 2020.

Telenor's shares were down 0.9% after the results at 0849 GMT, underperforming a 0.3% drop in the Oslo benchmark index.

(Reporting by Terje Solsvik, editing by Nerijus Adomaitis and Susan Fenton)


© Reuters 2019
Stocks mentioned in the article
ChangeLast1st jan.
AT HOME GROUP INC. -0.08% 36.99 End-of-day quote.139.26%
AXIATA GROUP BERHAD 0.00% 4.1 End-of-day quote.9.63%
DNA OYJ 0.00%End-of-day quote.-0.10%
NORDIC ENTERTAINMENT GROUP AB (PUBL) 1.98% 515 Delayed Quote.12.30%
NORWAY OSLO BORS BENCHMARK(TRG) 0.86% 1217.47 Real-time Quote.24.41%
TELENOR ASA -0.51% 137.4 Real-time Quote.-5.83%
All news about AXIATA GROUP BERHAD
10/13AXIATA BERHAD : Malaysian Timber Council Appoints First Chairwoman
MT
10/11Axiata, Sinar Mas Enter Talks about Potential Merger of Indonesian Telecom Units
MT
09/28AXIATA BERHAD : Group Unit to Sell Minority Stake in XL for $101 Million
MT
09/14AXIATA GROUP BERHAD : Ex-dividend day for interim dividend
FA
08/27Axiata Group Berhad Resolves Tax Exempt Single Tier Interim Dividend for the Second Qua..
CI
08/27Axiata Group Berhad Reports Earnings Results for the Second Quarter Ended June 30, 2021
CI
08/02Axiata Seeks to Acquire Majority Stake in Indonesia’s Link Net
MT
07/30Malaysia's Axiata seeks 66% stake in Indonesia's Link Net
RE
07/20TELENOR : Norway's Telenor raises annual outlook as Asian markets expand
RE
07/08MOVES-Citi taps CIMB banker for new TMT role as M&A booms in Southeast Asia
RE
More news
Analyst Recommendations on AXIATA GROUP BERHAD
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Financials
Sales 2021 24 951 M 5 998 M 5 998 M
Net income 2021 1 019 M 245 M 245 M
Net Debt 2021 16 205 M 3 895 M 3 895 M
P/E ratio 2021 35,9x
Yield 2021 2,25%
Capitalization 37 608 M 9 055 M 9 040 M
EV / Sales 2021 2,16x
EV / Sales 2022 2,03x
Nbr of Employees 12 976
Free-Float 63,6%
Chart AXIATA GROUP BERHAD
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Axiata Group Berhad Technical Analysis Chart | AXIATA | MYL6888OO001 | MarketScreener
Technical analysis trends AXIATA GROUP BERHAD
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 20
Last Close Price 4,10 MYR
Average target price 4,47 MYR
Spread / Average Target 9,08%
EPS Revisions
Managers and Directors
Mohammad Izzaddin bin Idris President, Group CEO, MD & Executive Director
Vivek Sood Group Chief Financial Officer
Ghazzali Abdul Khalid Non-Executive Chairman
Amandeep Singh Group Chief Technology Officer
Nirmal Anthony Rodrigo Group Chief Information Officer
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