Live Breaking News & Updates on Malaysian Telco|Page 1
Stay updated with breaking news from Malaysian telco. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Celcom, LG UPlus & Media Prima collaborates on 5G contents & Services malaysianwireless.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaysianwireless.com Daily Mail and Mail on Sunday newspapers.
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 continue to be listed on Bursa Malaysia as one of the largest technology companies in Malaysia with one of the largest market capitalisations on the exchange. ....
Celcom and Digi to merge, Idham Nawawi as CEO in Celcom Axiata, DiGi 08/04/2021 Comments Off on Celcom and Digi to merge, Idham Nawawi as CEO Axiata Group and Telenor Asia have announced the merger of Celcom Axiata and Digi in Malaysia. The new company will be called Celcom Digi Berhad, with an equal ownership estimated at 33.1 percent each by Axiata Group and Telenor Asia. Idham Nawawi, the current CEO of Celcom Axiata will be appointed as CEO of Celcom Digi Berhad while Albern Murty (current CEO of Digi) will become Deputy Chief Executive Officer. Both Telco giants said that the merged company “will have the capacity to invest even more to provide better quality of service and at competitive rates. Customers also will be able to maintain their choice of mobile operator brand, as both Celcom and Digi brands will continue as is post-merger.” ....