Kenanga Investment Research thinks China Mobile's attempt to acquire a 20% stake in Axiata Group has only a ”slim” chance of success.
KUALA LUMPUR: Kenanga Investment Research believe the chance for China Mobile, the world’s largest mobile operator by number of users, buying a 20% stake in Axiata Group as ”slim”.
“We believe the chances of the above-mentioned deal happening is slim given that there are no immediate synergies at this juncture.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
