Celcom Digi Bhd News Today

KUALA LUMPUR: The proposal to nominate Chinese new villages in Selangor to be given Unesco World Heritage Site status should not be turned into a racial issue, says Selangor Menteri Besar Datuk Seri Amirudin Shari.

PETALING JAYA: Fixed over mobile players are the prime beneficiaries in the broadband/5G infrastructure deployment of the country.

The move to allow a dual network model for 5G instead of a single one is a viable proposition for Malaysia’s digital future in line with global trends.

PETALING JAYA: Axiata Group Bhd’s earnings quality is set to decline following the completion of the proposed merger between the Malaysian operations of Axiata under Celcom and Telenor’s controlled Digi.com Bhd.

KUALA LUMPUR (Sept 20): Axiata Group Bhd's credit profile is increasingly likely to weaken, according to S&P Global Ratings. In a statement on  Monday (Sept 19), the rating agency said the proposed merger between Celcom Axiata Bhd (Axiata's Malaysia unit) with Digi.com Bhd is now a step closer to completion. “In our view, this transaction will erode the earnings quality of Axiata. “An acquisition-fueled increase in leverage adds further pressure to Axiata's credit profile...

MCMC has no objection to Celcom-Digi merger

Axiata Group Bhd and Digi.com Bhd need more time to fulfil conditions that have been set out in the conditional share purchase agreement (SPA) signed on June 21, 2021 to merge their local mobile service operations. The two telcos announced to the stock exchange that the duo have agreed to extend the current longstop date on June 21 under the proposed merger of Celcom Axiata and Digi.com’s mobile telecommunication network operations to Dec 31 this year.

The Malaysian Communications and Multimedia Commission (MCMC) has raised preliminary concerns about market competition that could arise from the proposed merger of the telco operations of Celcom Axiata Bhd and Digi.Com Bhd, and asked the two parties to submit comments, information and remedies on its assessment.

Trading of the securities in Axiata Group Bhd and Digi.Com Bhd has been suspended pending the release of an expected material announcement. This comes after Axiata and Digi.Com both requested a suspension of trading of their securities with immediate effect from 9am on Friday (April 1), according to the respective bourse filings.

The Malaysian Communications and Multimedia Commission has formally received Digi.Com Bhd's subsidiary Digi Telecommunications Sdn Bhd's merger application involving the proposed merger of Celcom Axiata Bhd and Digi.Com's mobile telecommunication network operations, according to Digi.Com and Axiata Group Bhd's Bursa Malaysia filings on Wednesday (Nov 24).