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Axiata slumps to over 12-year low, leads telcos' decline after equity investment into DNB

Axiata Group Bhd led mobile network operators’ (MNOs) decline on Tuesday (Oct 11) morning following the announcement of equity investment into the country’s 5G network special purpose vehicle Digital Nasional Bhd (DNB) last Friday.
Kuala Lumpur Sdn Bhd Celcom Axiata Bhd Axiata Group Bhd Digi Telecommunications Sdn Bhd Communications Sdn Bhd

Axiata, Genting Malaysia, Sime Darby, MAHB, Perdana Petroleum, Eco World, TNB, Global Oriental, Nestcon, OM, Capital A, PetGas and Land & General

Here is a brief recap of some corporate announcements that made news on Thursday involving Axiata Group Bhd, Genting Malaysia Bhd, Sime Darby Bhd, Malaysia Airports Holdings Bhd, Perdana Petroleum Bhd, Eco World Development Group Bhd, Tenaga Nasional Bhd, Global Oriental Bhd, Nestcon Bhd, OM Holdings Ltd, Capital A Bhd, Petronas Gas Bhd and Land & General Bhd.
Kuala Lumpur Sumatera Utara Macau Special Administrative Region Macau General Saudi Arabia Johor Segamat

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Axiata and Digi need more time to complete proposed merger, extend longstop date to Dec 31, 2022

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.
Kuala Lumpur Datuk Izzaddin Idris Celcom Axiata Multimedia Commission Axiata Group Bhd Malaysian Communications

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