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 channel for the latest stories and updates. Word around the campfire is that a merger is imminent between Celcom – a subsidiary of Axiata Group – and DiGi.Com, which is under the Telenor Group. Reports have surfaced with The Edge saying that the merge will be just for their operations in Malaysia. The merger will bring in financial benefits, although each party will not hold a controlling stake in the merged entity … the merger should be evaluated in [terms of] the financial benefits. Source via The Edge News about the merger has been brewing for a few years now, the closest being in ...

By Reuters Staff 1 Min Read KUALA LUMPUR (Reuters) - Malaysia’s Axiata Group Bhd and DiGi.Com Bhd suspended trading of their shares on Thursday, pending a “material announcement”, both telecommunication companies said in exchange filings. Last month, local newspaper The Star reported citing sources that talks have resumed between Telenor ASA, the largest shareholder in DiGi.Com, and Axiata for a merger between their mobile telecoms unit. Both parties had explored in May 2019 a potential non-cash combination of their telecom and infrastructure assets in Asia in a new entity, but called o...

Thursday, 08 Apr 2021 12:58 PM MYT BY SYED JAYMAL ZAHIID The merger between the two would involve operations in Malaysia, according to The Edge Markets, unlike the previous plan in which Axiata and Digi.Com’s Norwegian parent Telenor ASA had tried to merge their operations at the regional level. — Reuters pic Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, April 8 — Celcom Axiata Bhd, a unit of Axiata Group Bhd, is merging with Digi.Com Bhd, business news site The Edge Markets reported today citing sources familiar with the matter. The m...

Copy URL Axiata and Digi.Com shares on Bursa Malaysia have been suspended pending an announcement of a merger between the two telecommunications giants. – The Malaysian Insight pic by Afif bd Halim, April 8, 2021. CELCOM Axiata Bhd and Digi.com Bhd are all set to merge their operations in Malaysia to establish the biggest mobile service provider in the country, The Edge said in a report quoting sources. The merger of operations will be different from the 2019 mega-merger plan between the parent company of both telco groups – Axiata Bhd and Digi.Com’s Norwegian parent Telenor ASA – wh...

KUALA LUMPUR (April 8): Celcom Axiata Bhd, a unit of Axiata Group Bhd, is merging with Digi.Com Bhd to create the biggest mobile service provider in Malaysia, according to sources familiar with the telcos. This time round, it is the merger of their operations in Malaysia, unlike the previous mega-merger plan in which Axiata and Digi.Com’s Norwegian parent Telenor ASA tried to merge their operations in the Asian region. “The merger will bring in financial benefits, although each party will not hold a controlling stake in the merged entity … the merger should be evaluated in [terms of] ...