TelecomÆs Vikings get excited about Malaysia

Telenor proposes to buy a controlling stake in

Norweigan telecommunications group Telenor has offered to buy 61% of Malaysias number three mobile operator,

Telenor has offered to pay M$6.60 per share and is hoping this price will allow it to up its stake in DiGi from 32% to 61%. Should all shareholders tender their shares, it would have to make its offer on a pro-rata basis. Thats because Malaysian law says a foreign company cannot own more than 61% of a telecom...

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