Microsoft Announces Plans To Establish Its First Datacenter Region In Malaysia As Part Of Bersama Malaysia Initiative
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Will the Celcom-Digi merger disadvantage consumers? | The Malaysian Insight
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Axiata Group and
Telenor Asia revealed on Thursday (April 8, 2021) that they’ve revisted and confirmed their merger plans involving
Celcom and
Digi. At present, the deal is in advanced discussions.
Malaysian telecoms company Axiata Group Bhd and Norway-based Telenor ASA will be focused on merging their Malaysia-based mobile business operations.
Both firms stated that they had been planning the merger of the telco operations of Celcom Axiata Berhad and Digi.Com Bhd. As part of the deal, both companies will have equal ownership (at around 33% for each company).
As first reported by Reuters, Malaysian institutional investors need to own at least 17.9% of the outstanding shares in the new firm, ensuring that the total domestic ownership is more than 51%, Axiata confirmed.
Celcom and Digi to merge, Idham Nawawi as CEO
in Celcom Axiata, DiGi
08/04/2021
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Axiata Group and Telenor Asia have announced the merger of Celcom Axiata and Digi in Malaysia. The new company will be called Celcom Digi Berhad, with an equal ownership estimated at 33.1 percent each by Axiata Group and Telenor Asia.
Idham Nawawi, the current CEO of Celcom Axiata will be appointed as CEO of Celcom Digi Berhad while Albern Murty (current CEO of Digi) will become Deputy Chief Executive Officer.
Both Telco giants said that the merged company “will have the capacity to invest even more to provide better quality of service and at competitive rates. Customers also will be able to maintain their choice of mobile operator brand, as both Celcom and Digi brands will continue as is post-merger.”