AmInvest Research downgrades telco to neutral after failed merger


KUALA LUMPUR: AmInvestment Research has downgraded the outlook on the telecommunications sector to neutral from overweight following the failed merger and cessation of earlier synergy expectations.

The research house said on Tuesday it had expected a sector consolidation and alleviation of price competition that has been eroding the sector’s margins over the past three years.

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Telenor ASA , merger , snag , Digi , Axiata , AmInvest Research

   

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