Telenor and Axiata win key approval for $15 billion Malaysia-tie-up
OSLO (Reuters) -Malaysian telecoms firm Axiata Group and Norway's Telenor ASA have received clearance from the Securities Commission Malaysia for the ...
Source: wsau.com
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Bursa erases earlier gains to end marginally lower
Bursa Malaysia erased earlier gains to close marginally lower on Wednesday (Aug 17) as profit-taking emerged in utilities as well as telecommunications companies, amid cautious performance on the regional markets, dealers said.
Source: theedgemarkets.com
Axiata, Telenor win approval to form Malaysia's top mobile operator
Merger expected to be completed in second half of 2022, with each company holding equal ownership of 33.1 per cent. Read more at straitstimes.com.
Source: straitstimes.com
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.
Source: theedgemarkets.com
Brokers Digest: Local Equities - Malaysia Airports Holdings Bhd, Tenaga Nasional Bhd, AEON Credit Service (M) Bhd, Axiata Group Bhd
Malaysia Airports Holdings Bhd Target price: RM7.60 ADD
Source: theedgemarkets.com