After completing two mega telco mergers, Telenor Asia seeks to strengthen its market position

THE past few months have been extremely eventful for Norway’s telecoms giant Telenor Group.

Last week, Telenor Asia – a newly set-up autonomous entity to manage the group’s Asian operations with its headquarters in Singapore – and Thailand’s CP Group finalised the merger of True Corporation and Total Access Communication (DTAC), the second and third-largest mobile operators in Thailand.

At US$20.7 billion, the transaction is the largest telco merger in South-east Asia by combined enterprise value.