Axiata, Norway's Telenor in advanced talks to merge Malaysian mobile operations
If successful, merged entity - Celcom Digi - will have 19 million mobile subscribers against rival Maxis's 9.7 million; pro forma revenue estimated at US$3 billion
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
MALAYSIAN telecommunications conglomerate Axiata Group and its Norwegian counterpart Telenor Group on Thursday announced that they are in "advanced discussions" regarding a potential merger of their Malaysian mobile operations Digi and Celcom.
The merged entity, named Celcom Digi, will see Axiata and Telenor hold an equal ownership of 33.1 per cent each. Celcom Digi will continue to be listed on Bursa Malaysia, and will be among the top stocks in terms of market capitalisation, said the joint statement.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
