May 06, 2019 / 06:00AM GMT
Operator
Good day, and welcome to the Telenor Group Investor Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Mr. Jørgen Rostrup. Please go ahead, sir.
Jørgen C. Arentz Rostrup - Telenor ASA - Executive VP & CFO
Good morning, everyone. This is Jørgen Rostrup, CFO of the Telenor Group. And with me today, I have Head of Investor Relations, Marianne Moe; also Håkon Hatlevik from Investor Relations, I have Otto Risbakks Head of M&A; and Meera Bhatia from Communications.
I'm pleased to announce that after having some high-level talks with Axiata, we have now reached a stage where we have decided to enter into more detailed discussions regarding potential noncash combination of our telecom and infrastructure assets in Asia, where Telenor will take majority stake of 56.5%. We have chosen to inform you now about this as it, going forward, will be a process involving many parties and listed subsidiaries. However, we should say that even though we are now at this point, it is
Telenor ASA And Axiata Group Bhd Telenor to Enter Discussions to Merge Asian Operations Conference Call Transcript
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