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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. ....
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. ....
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 ....
Telenor, Axiata in advanced discussions to merge Malaysian operations Star Business Report Star Business Report Telenor Group and Axiata Group Berhad are in advanced discussions about a potential merger of their Malaysian mobile operations Digi and Celcom, Telenor said today. The merged company will be named Celcom Digi Berhad, the Norwegian company said in a press release. Telenor Group and Axiata will work towards finalising agreements in relation to the proposed transaction within the second quarter of 2021 following due diligence. Both parties will have 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. ....