After completing two mega telco mergers, Telenor Asia seeks to strengthen its market position
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Mindy Tan
THE past few months have been extremely eventful for Norway’s telecoms giant Telenor Group.
Last week, Telenor Asia – a newly set-up autonomous entity to manage the group’s Asian operations with its headquarters in Singapore – and Thailand’s CP Group finalised the merger of True Corporation and Total Access Communication (DTAC), the second and third-largest mobile operators in Thailand.
At US$20.7 billion, the transaction is the largest telco merger in South-east Asia by combined enterprise value.
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