TM-Axiata merger on the cards?


TM has webe but to grow that from ground zero will take years. A merger with Axiata and Celcom pushes it to have access to over 10 million mobile users. Combined that with its own broadband users, it can drive TM

Sources say both companies have already hired advisors to work on the deal

A MERGER between Telekom Malaysia Bhd (TM) and Axiata Group Bhd is on the cards, sources say, as a means to strengthen the former in an increasingly converged market.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 31
Cxense type: NA
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Business , telekom , axiata , celcom

   

Next In Business News

Consolidation among banks beneficial, spurs innovation
Maybulk to diversify into grocery retail business
Swift Haulage signs MoU with Volvo Trucks Malaysia
Ringgit under pressure as oil retreats and China cuts interest rates
Datasonic gets additional RM31.39mil contract
Protasco secures RM299.3mil road upgrading works contract
Mida, Perodua launch partnership to facilitate digitalisation of local automotive suppliers
Maybank appoints Siew Chan Cheong as group chief strategy officer
JCorp, Tiong Nam to develop logistics park in Sedenak Technology Valley
Glove counters slump, dominate active list on Bursa

Others Also Read