PETALING JAYA: Axiata Group Bhd is not in any negotiation to raise the regional telecommunication firm’s stake in Singapore’s M1 Ltd. Axiata has a 28.57% stake in M1 which provides both fixed and mobile telecommunication services in the island republic. “The proposed merger is expected to be completed by fourth quarter of 2016. Ncell was acquired for US$1.37bil (RM5.6bil) from Swedish telco giant TeliaSonera (now known as Telia Company). Jamaludin said Axiata and Telia Company were in the midst of discussing the matter with Nepal for an amicable solution for all parties involved.

Source: The Star September 11, 2016 23:03 UTC