Axiata s shares up as merger plan remains on track | Money malaymail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaymail.com Daily Mail and Mail on Sunday newspapers.
Axiata, Norway’s Telenor in advanced discussions to merge Malaysian telco units
The Axiata headquarters building is seen in Kuala Lumpur May 28, 2014. REUTERS/Samsul Said/Files
April 8, 2021
Axiata Group Bhd and Norway’s Telenor Group are in advanced discussions to merge their Malaysian telecom operations to create the largest mobile operator in the country.
The companies seek to combine Celcom Axiata Bhd and Digi.com to form Celcom Digi, in which they will have equal ownership of 33.1% each, Axiata said in a statement on Thursday. The combined entity will continue to be listed on Bursa Malaysia.
As part of the proposed transaction, Axiata will receive newly issued shares in Digi and a cash consideration of around 2 billion ringgit ($483.56 million), of which 1.7 billion ringgit will come from Digi as new debt and the rest from Telenor, the Malaysian firm said.
Internet blackouts in Myanmar allow the military to retain control nationalpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalpost.com Daily Mail and Mail on Sunday newspapers.
Internet shutdowns and social media bans in Myanmar have helped the military retain control after the Feb. 1 coup. Here's why ISPs should develop clear policies around forced internet shutdowns.
Internet blackouts in Myanmar allow the military to retain control theuknews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theuknews.com Daily Mail and Mail on Sunday newspapers.