-- Axiata Group has attracted preliminary expressions of interests for a potential takeover of its Edotco Group unit ahead of a merger with Norway-based Telenor ASA's Asian operations, Bloomberg reports, citing people with knowledge of the matter.

-- Edotco could be valued as much as US$3 billion in the deal, Bloomberg reports.

-- The informal approaches have not led to any detailed discussions and Axiata will continue to conduct due diligence on the proposed deal with Telenor, according to Bloomberg's sources.

-- A representative for Axiata's declined to comment on a possible deal involving Edotco.

Full story: https://www.bloomberg.com/news/articles/2019-08-17/axiata-s-3-billion-tower-arm-is-said-to-draw-takeover-interest

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(END) Dow Jones Newswires

August 18, 2019 23:41 ET (03:41 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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