|Bid||180.45 x 230500|
|Ask||180.65 x 301900|
|Day's Range||179.95 - 181.90|
|52 Week Range||148.10 - 190.80|
|Beta (3Y Monthly)||0.12|
|PE Ratio (TTM)||19.08|
|Forward Dividend & Yield||8.00 (4.43%)|
|1y Target Est||N/A|
Readers hoping to buy Telenor ASA (OB:TEL) for its dividend will need to make their move shortly, as the stock is...
Malaysian telecoms firm Axiata Group Bhd has asked its edotco towers unit to seek deals to enter new markets or expand in Southeast Asia and South Asia, and may consider selling a stake if attractive large investment opportunities arise. Axiata last month pulled the plug on a planned non-cash merger with Norway's Telenor ASA citing unspecified complexities. Axiata Chief Executive Jamaludin Ibrahim told Reuters on Thursday his company did not see chances for another group-level deal.
KUALA LUMPUR/SINGAPORE (Reuters) - Under pressure to deliver cash to shareholders after a merger with Norway's Telenor collapsed, Malaysia's Axiata has changed tack: It is now in talks to offload stakes in units and will no longer entertain a group-level deal, sources told Reuters. The strategy's success is crucial for the telecoms firm - majority-owned by sovereign wealth fund Khazanah Nasional Bhd and other state-linked funds - as it faces margin-destroying competition across Southeast Asia, huge investment in fifth-generation (5G) networks https://www.reuters.com/article/us-telecoms-5g-malaysia/malaysias-5g-plan-a-potential-boon-for-chinas-huawei-idUSKBN1W90RD and cash-hungry investors. Axiata Group Bhd and Telenor ASA in May began talks for a non-cash deal to create Southeast Asia's largest telecoms operator with 300 million subscribers.
KUALA LUMPUR/SINGAPORE, Oct 1 (Reuters) - Under pressure to deliver cash to shareholders after a merger with Norway's Telenor collapsed, Malaysia's Axiata has changed tack: It is now in talks to offload stakes in units and will no longer entertain a group-level deal, sources told Reuters. The strategy's success is crucial for the telecoms firm - majority-owned by sovereign wealth fund Khazanah Nasional Bhd and other state-linked funds - as it faces margin-destroying competition across Southeast Asia, huge investment in fifth-generation (5G) networks https://www.reuters.com/article/us-telecoms-5g-malaysia/malaysias-5g-plan-a-potential-boon-for-chinas-huawei-idUSKBN1W90RD and cash-hungry investors. Axiata Group Bhd and Telenor ASA in May began talks for a non-cash deal to create Southeast Asia's largest telecoms operator with 300 million subscribers.
Norway does not plan to block China's Huawei Technologies from building the country's 5G telecoms network, cabinet minister Nikolai Astrup told Reuters, a decision that puts it at odds with NATO ally the United States. The United States has alleged Huawei's equipment could be used by Beijing for spying, which the Chinese firm has repeatedly denied.
* U.S. President Trump considering an interim deal with China * Malaysia on track to fall for a second session * The Philippine index hits a two-week high By Anushka Trivedi Sept 13 (Reuters) - Most Southeast Asian stock markets rose on Friday, as signs of a de-escalation in the U.S.-China trade friction and European Central Bank's aggressive push for fiscal stimulus helped offset concerns about a global recession. Washington on Thursday was encouraged by Beijing's purchase of U.S. farm goods, ahead of planned talks next week, with U.S. President Donald Trump reportedly mulling the possibility of an interim trade deal, which would postpone tariffs or even roll back some of the existing ones. "Given that investors have been known to wear trade war emotion on their sleeve, any steps by China and the U.S. to ease tensions further ahead of face-to-face talks in Washington in the coming weeks will be a green light of risk sentiment" said Stephen Innes, Asia Pacific market strategist, AxiTrader.
(Bloomberg) -- CK Hutchison Holdings Ltd., the Hong Kong conglomerate backed by tycoon Victor Li, has made a preliminary approach to Axiata Group Bhd. about a potential combination of their Indonesian telecommunications operations, people with knowledge of the matter said.CK Hutchison informally expressed interest in exploring a combination of its Indonesian wireless business with the Malaysian carrier’s local unit, PT XL Axiata, the people said. The parties haven’t yet started any substantive negotiations, according to the people, who asked not to be identified because the information is private.Shares of XL Axiata jumped as much as 9.8% in early Tuesday trading in Jakarta, its biggest advance since Feb. 18. The stock has risen about 76% this year, giving the company a market value of $2.65 billion.Axiata, Malaysia’s biggest wireless carrier, and Norway’s Telenor ASA last week ended talks to merge their Asian telecommunications operations in a deal that would have created a company with 300 million customers across nine countries.The Malaysian company has been introducing strategic investors to some of its businesses and pushing into new areas as it seeks to revitalize growth. In July last year, Japan’s Sumitomo Corp. invested in its mobile advertising arm, while Tokyo-based trading house Mitsui & Co. bought a stake in Axiata’s digital services unit this year. Axiata’s wireless tower business has also attracted preliminary takeover interest in recent months, Bloomberg News has reported.The exact structure of any potential deal in Indonesia hasn’t been determined, according to the people. Deliberations are at an early stage, and there’s no certainty they will lead to a transaction, the people said. A representative for CK Hutchison declined to comment.“Axiata has created significant value uplift and attractiveness for its operations and as evidenced in the last one year,” Axiata said in a statement in response to Bloomberg queries. “We have attracted a lot of suitors to partner with us and seeking to acquire our assets including Telenor, Mitsui, Sumitomo, among others.”Hutchison Asia Telecommunications, which houses CK Hutch’s telecom business in Indonesia, Vietnam and Sri Lanka, had about 45.7 million active customer accounts across the three countries, according to its latest interim financial report. Indonesia accounted for HK$3.7 billion ($472 million), or 86% of Hutch Asia’s total revenue in the first six months of 2019. It’s the only Hutch Asia’s market that posted positive earnings before interest, tax, depreciation and amortization.(Updates to XL Axiata share performance in third paragraph)\--With assistance from Fathiya Dahrul, Vinicy Chan, Tassia Sipahutar, Thomas Kutty Abraham, Shirley Zhao and Ville Heiskanen.To contact the reporters on this story: Elffie Chew in Kuala Lumpur at email@example.com;Manuel Baigorri in Hong Kong at firstname.lastname@example.org;Joyce Koh in Singapore at email@example.comTo contact the editors responsible for this story: Fion Li at firstname.lastname@example.org, Ben ScentFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
CK Hutchison Holdings Ltd is weighing a combination of its Indonesian telecommunications business with that of Malaysia's Axiata Group Bhd, Bloomberg reported on Monday, citing people with knowledge of the matter. CK Hutchison, the ports-to-telecoms arm of retired billionaire Li Ka-shing's businesses, informally explored a combination of its Indonesian wireless business with the Malaysian carrier's Indonesian unit, PT XL Axiata, the report https://bloom.bg/2kDgC55 said. The companies have not begun any substantive negotiations, it added.
Malaysia's Axiata Group is discussing deals with other parties and considering an initial public offering of its tower business, executives said after announcing the collapse of a planned Asian telecoms deal with Norway's Telenor. The Telenor deal fell through four months after the firms said they planned to create a joint venture with nearly 300 million customers across South Asia and Southeast Asia, and a potential valuation of about $40 billion including debt. Axiata, one of Southeast Asia's biggest telecom companies with a market valuation of more than $10 billion, said on Friday it was surprised the deal did not work out, while Telenor blamed the collapse on complexities.
A tie-up between Norway's Telenor and Malaysia's Axiata was still on track on Aug. 29, when Axiata publicly said it was, a company spokeswoman said on Friday. "As of Aug. 29 at the second quarter 2019 press conference held at the Axiata headquarters, we were still confident the merger was on track," she told Reuters. The companies ended talks on Friday to create a telecoms joint venture with nearly 300 million subscribers across South Asia and South East Asia.
European markets extended gains for a third day on Friday, as China's move to boost bank lending outweighed data showing slower-than-expected U.S. job growth and a fall in German industrial output. In a strong week for European stocks after what investors saw as a positive turn of political events in Britain, Italy and Hong Kong as well as signals on resumption of U.S.-China trade talks, the benchmark STOXX 600 index rose 1.7% for the week, its third weekly gain in a row.
OSLO/KUALA LUMPUR (Reuters) - Telenor and Malaysia's Axiata Group have ended talks to create a telecoms joint venture with nearly 300 million customers across South Asia and Southeast Asia in a blow to the Norwegian group's growth strategy and shares. Shares in Telenor, which has expanded in Asia in pursuit of growth outside its mature home market in Scandinavia, fell on Friday's announcement by the two companies that talks were over. Telenor sold its central European operations last year as it seeks to focus on its Nordic and Asian businesses.
Is Telenor ASA (OB:TEL) a good dividend stock? How can we tell? Dividend paying companies with growing earnings can be...
** Germany's BASF said it agreed to sell its global pigments business to Japanese fine chemical company DIC for 1.15 billion euros ($1.28 billion) on a cash and debt-free basis. ** Apollo Global Management and Athene Holding said they would buy PK AirFinance, an aircraft lending business that is a part of GE Capital's aviation services unit for an undisclosed amount. ** Canadian tour operator Transat A.T. Inc said on Thursday that the Superior Court of Quebec had approved its sale to Air Canada in a C$720 million ($542.37 million) deal.
Malaysia's Axiata Group Bhd on Thursday said its planned merger with Norwegian telecoms peer Telenor ASA is on track, after local media reported the deal may have hit a snag. Axiata Group Chief Executive Officer Jamaludin Ibrahim at an earnings briefing said discussions with Telenor are likely to take three to six months, with a target to conclude talks by November. Jamaludin also said there would be "generally no change" to the shareholding structure of the deal, or to top management appointments.
Norway's Telenor received a tax reassessment order for its 2013 tax year, under which it will need to record an additional tax expense of about 2.5 billion Norwegian crowns ($278.44 million), the firm said on Thursday. "Telenor ASA received a reassessment order disallowing deduction for the loss Telenor ASA suffered in 2012 due to settlement of bank guarantees given in respect of external funding in its Indian subsidiary Unitech Wireless," it said. The reassessment order relates to 2013, as that was the year when the loss was recognised and claimed as tax deductible.