It’s reported that the merger is for their Malaysian operations.
Word around the campfire is that a merger is imminent between Celcom – a subsidiary of Axiata Group – and DiGi.Com, which is under the Telenor Group.
Reports have surfaced with The Edge saying that the merge will be just for their operations in Malaysia.
The merger will bring in financial benefits, although each party will not hold a controlling stake in the merged entity … the merger should be evaluated in [terms of] the financial benefits.Source via The Edge
News about the merger has been brewing for a few years now, the closest being in 2019 before it was called off after Axiata Group Bhd and Telenor ASA decided not to continue.
It was reported by The Malaysian Reserve at the time that they mutually agreed to end discussions due to “complexities” in the deal.
Established in 1988, Celcom is Malaysia’s first mobile operator with 9.7 million customers and is a member of the Axiata Group.
Meanwhile, Digi first started their entry into the telco space in May 1995 and they have around 11.3 million subscribers.
Unkempt in both stories and appearance, Hakim loves tech but tech left him on read, previously he used to write about tall buildings and unoccupied spaces that he can't afford, and legend has it that he still can't afford it to this day