KUALA LUMPUR: The termination of the share subscription agreements (SSA) signed in November 2022 with Digital Nasional Bhd (DNB) as announced yesterday by CelcomDigi Bhd will clear the path for the network operator to participate in any new process, including equity participation, together with the industry.
KUALA LUMPUR, May 3 CelcomDigi Bhd’s subsidiaries, Digi Telecommunications Sdn Bhd and Celcom Mobile Sdn Bhd, have terminated their respective share subscription agreement.
The Malaysian Communications and Multimedia Commission (MCMC) has raised preliminary concerns about market competition that could arise from the proposed merger of the telco operations of Celcom Axiata Bhd and Digi.Com Bhd, and asked the two parties to submit comments, information and remedies on its assessment.
Trading of the securities in Axiata Group Bhd and Digi.Com Bhd has been suspended pending the release of an expected material announcement. This comes after Axiata and Digi.Com both requested a suspension of trading of their securities with immediate effect from 9am on Friday (April 1), according to the respective bourse filings.
Based on corporate announcements and news flow on Tuesday, companies in focus on Wednesday (Oct 13) may include Genting Malaysia Bhd, AirAsia Group Bhd, IJM Plantations Bhd, Kuala Lumpur Kepong Bhd, MY EG Services Bhd, Axiata Group Bhd, Digi.Com Bhd, Ni Hsin Group Bhd, Tan Chong Motor Holdings Bhd, CN Asia Corp Bhd, Boustead Heavy Industries Corp Bhd, Lion Industries Corp Bhd, Jade Marvel Group Bhd and Bintulu Port Holdings Bhd.