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Axiata Group to seal Malaysia ops merger deal with Telenor in days

Axiata Group to seal Malaysia ops merger deal with Telenor in days
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Axiata, Telenor Agree to Merge Malaysian Mobile Operations

Axiata, Telenor Agree to Merge Malaysian Mobile Operations Bloomberg 1 hr ago Elffie Chew, Yantoultra Ngui and Manuel Baigorri © Bloomberg Advertisements for Celcom Axiata Bhd., a subsidiary of Axiata Group Bhd., in Kuala Lumpur, Malaysia. (Bloomberg) Axiata Group Bhd. and Norway’s Telenor ASA are in advanced discussions to combine their Malaysian mobile operations, which could create the country’s biggest cellphone operator by subscribers. Popular Searches The parties are working toward finalizing a deal to combine Celcom Networks Bhd. and Digi.com Bhd., according to a joint statement on Thursday. Axiata and Telenor will have an equal ownership of 33.1% each in the merged entity, Celcom Digi Bhd. The announcement confirms an earlier Bloomberg News report.

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