Axiata, Telenor merging Malaysian wireless ops in $15B deal

  • Axiata Group (OTCPK:AXXTF) and Telenor Group (TELNY) are combining their mobile operations in Malaysia in a $15B deal.
  • That follows earlier discussions to combine their Celcom Axiata and, the country's No. 2 and No. 3 providers, into Celcom Digi Berhad, a new market leader.
  • Each party will own 33.1% of the combined firm, estimated to have annual revenue of $3B with core profitability of $1.4B and a subscriber base of about 19M.
  • The companies say the merged entity has a "pre-synergy" equity value of almost 50B ringgit (about $12.1B).

    Over the current book year the company from Fornebu could achieve a revenue around 115.85 billion NOK (consensus estimates). This is slightly lower than 2020's revenue of 122.81 billion NOK.

    Historical revenues and results Telenor Group Group plus estimates 2020

    fundamantele data

    The analysts expect for 2021 a net profit of 11.8 billion NOK. According to most of the analysts the company will have a profit per share for this book year of 8.51 NOK. Based on this the price/earnings-ratio is 17.02.

    Huge dividend Telenor Group Group

    Per share the analysts expect a dividend of 9.3 NOK per share. Thus the dividend yield equals 6.42 percent. The average dividend yield of the telecommunications companies equals a good 4.1 percent.

    Based on the current number of shares Telenor Group Group's market capitalization equals 208.94 billion NOK. The Telenor Group Group stock was the past 12 months quite volatile. Since last June the stock is 9 percent higher. This year the stock price moved between 138 and 161 NOK.

    Historical stock prices Telenor Group Group

    fundamental data telenorgroup

    On Friday the stock closed at 144.85 NOK. Nieuwsdienst: +31 084-0032-842

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