Telenor and Axiata pull the plug on mega-merger

Operator groups Telenor and Axiata had intended to merge their Asian operations but have now decided it’s just too much hassle.
The proposed merger was announced back in May. “We are on the verge of making a new history,” said Axiata Group CEO Tan Sri Jamaludin Ibrahim, at the time. “This proposed mega merger of equals would create a Global Champion, headquartered right here in Malaysia.”
But by the time we got to Axiata’s quarterlies last week, there was talk