Telenor, Axiata in talks to merge Malaysian operations

Telenor, Axiata in talks to merge Malaysian operations
Star Business Desk
Star Business Desk
Telenor Group and Axiata Group Berhad are in advanced discussions about a potential merger of their Malaysian mobile operations Digi and Celcom, Telenor said yesterday.
The merged company will be named Celcom Digi Berhad, the Norwegian company said in a press release.
"Telenor and Axiata will work towards finalising agreements in relation to the proposed transaction within the second quarter of 2021 following due diligence," it added.
Both parties will have an equal ownership of 33.1 per cent each in the new company, which is expected to be a leading provider of telecommunication services in the Southeast Asian country, with competence and scale to meet increasing expectations and demand from a digitally connected society.

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