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co-founder and CEO Tan Eng Kee. Hong Leong Group’s Quek Leng Chan continued to top the list of Malaysian billionaires with an estimated net worth of US$9.7bil. Globally, Amazon CEO Jeff Bezos remained the richest person in the world with US$177bil net worth. Vincent Tan steps back TAN Sri Vincent Tan has relinquished his executive role in his flagship Berjaya Corp Bhd, as the founding family began handing over the day-to-day running of sprawling business empire to professional managers led by Abdul Jalil Abdul Rasheed. Vincent Tan, 69, has remained as chairman of the group. On Tuesday, Vi...

Norwegian (8 April 2021) Telenor Group and Axiata Group Berhad (“Axiata”) are in advanced discussions regarding a potential merger of its Malaysian mobile operations Digi and Celcom, in which the parties will have an equal ownership of 33.1 percent each. The new company will be a leading provider of telecommunication services in the country, with competence and scale to meet increasing expectations and demand from a digitally connected society. The parties aim to create a leading telecommunication service provider in Malaysia with the capabilities to drive research and innovation and faci...

under a new joint entity named Celcom Digi Bhd. Axiata said in a Thursday statement it has plans with Digi's parent, Telenor Asia, to merge the operations of the two telco firms and are aiming to finalise agreements over the proposed transaction within the second quarter of this year following due diligence. In the event of a successful merger, the parties will each have equal ownership of about 33.1% stake. The joint shareholding of Axiata with Malaysian institutional funds will be over 51% of the merged company, thereby safeguarding the national interest, it added. The company will continu...

Telenor and Axiata in advanced discussions to merge Malaysian operations (8 April 2021) Telenor Group and Axiata Group Berhad ("Axiata") are in advanced discussions regarding a potential merger of its Malaysian mobile operations Digi and Celcom, in which the parties will have an equal ownership of 33.1 percent each. The new company will be a leading provider of telecommunication services in the country, with competence and scale to meet increasing expectations and demand from a digitally connected society. The parties aim to create a leading telecommunication service provider in Malaysia with...

The Straits Times The parties are working towards finalising a deal to combine Celcom Networks and Digi.com.PHOTO: AFP Updated31 min ago https://str.sg/JCCk They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. Get unlimited access to all stories at $0.99/month for the first 3 months. including the ST News Tablet worth $398.