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Malaysia: Axiata-Telenor Asia merger causes job concerns

By  |  May 30, 2019

Prime Minister Tun Dr Mahathir Mohamad has asked for more details on the planned merger of the Asian telecommunications operations of Norway’s Telenor and Axiata on concerns over potential job losses.

Telenor and Axiata, Malaysia’s biggest wireless carrier, announced the move earlier this month to create a company with 300 million customers in nine countries. A representative for Dr Mahathir’s office confirmed the prime minister’s concerns over job cuts after Bloomberg sought comment. The representative, who asked not to be named citing policy, didn’t provide further details.

The deal, which would be the country’s biggest since Dr Mahathir took office a year ago, is still progressing as planned despite the queries, according to people with knowledge of the matter, asking not to be identified because the information is private.

Full Content: Bloomberg

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