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Axiata, Telenor in talks to form Malaysia's top mobile operator

4 Min Read
KUALA LUMPUR (Reuters) -Malaysian telecoms company Axiata Group Bhd and Norway’s Telenor ASA are nearing a deal to combine their Malaysian mobile operations to create the country’s top player in the highly competitive sector.
A woman walks past the Axiata headquarters building in Kuala Lumpur, Malaysia, October 1, 2019. REUTERS/Lim Huey Teng/File Photo
The companies said on Thursday they were in advanced talks to merge Celcom Axiata Bhd and DiGi.Com Bhd, in which the parties would each own about 33.1%.
“While the possible combination of Celcom and Digi has been on the cards before, drivers such as 5G rollout and the government’s decision to intervene has shaken up the industry recently,” said Mark Robinson, Asia Pacific head of TMT at Herbert Smith Freehills. ....

Kuala Lumpur , Izzaddin Idris , Terje Solsvik , Liz Lee , Herbert Smith Freehills , Mark Robinson , Emelia Sithole Matarise , Huawei Technologie , Celcom Axiata Bhd , Jason Neely , Asia Pacific , Sigve Brekke , Nasional Berhad , Thomson Reuters Trust Principles , Axiata Group Bhd , Telenor Group , Digi Com Bhd , Herbert Smith , Digital Nasional Berhad , Cybersecurity Malaysia , Celcom Digi Berhad , Celcom Digi , Digi Com , Southeast Asia , Anshuman Daga , Thomson Reuters Trust ,

Malaysia based Telecom Axiata Group and Norway's Telenor to Merge Malaysian Mobile Businesses

Axiata Group and
Telenor Asia revealed on Thursday (April 8, 2021) that they’ve revisted and confirmed their merger plans involving
Celcom and
Digi. At present, the deal is in advanced discussions.
Malaysian telecoms company Axiata Group Bhd and Norway-based Telenor ASA will be focused on merging their Malaysia-based mobile business operations.
Both firms stated that they had been planning the merger of the telco operations of Celcom Axiata Berhad and Digi.Com Bhd. As part of the deal, both companies will have equal ownership (at around 33% for each company).
As first reported by Reuters, Malaysian institutional investors need to own at least 17.9% of the outstanding shares in the new firm, ensuring that the total domestic ownership is more than 51%, Axiata confirmed. ....

Khor Hock Seng , Celcom Axiata Berhad , Telenor Asia , Telenor Microfinance Bank , Axiata Group Bhd , Telenor Group , Axiata Digital Services , Axiata Group , Norway Based Telenor , Digi Com , Celcom Digi , Life Assurance , Axiata Digital , Boost Holdings , Great Eastern , Boost Holding , கோர் ஹாக் செங் , டெலினர் ஆசியா , டெலினர் நுண்நிதி வங்கி , டெலினர் குழு , நோர்வே அடிப்படையிலானது டெலினர் , திகி கம , வாழ்க்கை உறுதி , ஊக்க ஹோல்டிங்ஸ் , நன்று கிழக்கு , ஊக்க வைத்திருத்தல் ,

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. ....

Dato Izzaddin Idris , Albern Murty , Telenor Asia , Idham Nawawi , C Arentz Rostrup , Axiata Group Berhad , Telenor Group , Celcom Digi Berhad , Southeast Asian , Bursa Malaysia , Digi Board , ஆல்பர்ன் மூர்த்தி , டெலினர் ஆசியா , டெலினர் குழு , தென்கிழக்கு ஆசிய , திகி பலகை ,

Telenor and Axiata in advanced discussions to merge Malaysian operations

Norwegian
(8 April 2021) Telenor Group and Axiata Group Berhad (“Axiata”) are in advanced discussions regarding a potential merger of its Malaysian mobile operations Digi and Celcom, in which the parties will have an equal ownership of 33.1 percent each. The new company will be a leading provider of telecommunication services in the country, with competence and scale to meet increasing expectations and demand from a digitally connected society.
The parties aim to create a leading telecommunication service provider in Malaysia with the capabilities to drive research and innovation and facilitate a platform for accelerated digital growth in the local ecosystem. A progressive digital economy is important to Malaysia’s future economic resilience and competitiveness, and the merged company will be well positioned for delivering industry innovation, high-quality connectivity and a diversified value proposition to the customers. ....

Dato Izzaddin Idris , Albern Murty , Telenor Asia , Idham Nawawi , C Arentz Rostrup , Axiata Group Berhad , Telenor Group , Executive Vice President , Deputy Chair , Celcom Digi , Bursa Malaysia , Digi Board , ஆல்பர்ன் மூர்த்தி , டெலினர் ஆசியா , டெலினர் குழு , நிர்வாகி துணை ப்ரெஸிடெஂட் , துணை நாற்காலி , திகி பலகை ,

Telenor and Axiata in advanced discussions to merge Malaysian operations

Telenor and Axiata in advanced discussions to merge Malaysian operations
(8 April 2021) Telenor Group and Axiata Group Berhad ( Axiata ) are in advanced discussions regarding a potential merger of its Malaysian mobile operations Digi and Celcom, in which the parties will have an equal ownership of 33.1 percent each. The new company will be a leading provider of telecommunication services in the country, with competence and scale to meet increasing expectations and demand from a digitally connected society.
The parties aim to create a leading telecommunication service provider in Malaysia with the capabilities to drive research and innovation and facilitate a platform for accelerated digital growth in the local ecosystem. A progressive digital economy is important to Malaysia s future economic resilience and competitiveness, and the merged company will be well positioned for delivering industry innovation, high-quality connectivity and a diversified value proposition to the ....

Tormod Sandst , Dato Izzaddin Idris , Albern Murty , Telenor Asia , Idham Nawawi , C Arentz Rostrup , Axiata Group Berhad , Telenor Group , Executive Vice President , Deputy Chair , Celcom Digi , Bursa Malaysia , Digi Board , Director Media Relations , ஆல்பர்ன் மூர்த்தி , டெலினர் ஆசியா , டெலினர் குழு , நிர்வாகி துணை ப்ரெஸிடெஂட் , துணை நாற்காலி , திகி பலகை , இயக்குனர் மீடியா உறவுகள் ,