* In talks with others on consolidation in the industry (Adds details, quotes from conference call): KUALA LUMPUR, Sept 6 (Reuters) - Malaysia’s Axiata Group is discussing deals with other parties and considering an initial public offering of its tower business, executives said after announcing the collapse of a planned Asian telecoms deal with Norway’s Telenor. The Telenor deal fell through four months after the firms said they planned to create a joint venture with nearly 300 million customers across South Asia and Southeast Asia, and a potential valuation of about $40 billion including debt.