Telenor ASA will own 56.5% of MergedCo and have one more board seat than Axiata, which gets to appoint the chairman. Jamaludin says Axiata would need to pump in “a lot of money” to have an equal stake with Telenor in MergedCo. Investors can also get exposure to MergedCo through Telenor ASA, which is listed on the Oslo Stock Exchange. As it is, both Axiata and Telenor have committed to running Robi professionally and separate from MergedCo. Half of the merger synergy savings is from Malaysia and a lot of it has to do with network consolidation.

Source: The Edge Markets May 22, 2019 10:11 UTC