Celcom and Digi consolidation may not lead to price cuts, says AmInvestment Bank Research.
PETALING JAYA: Axiata Group Bhd
president and group CEO Tan Sri Jamaludin Ibrahim has played down concerns that the possible merger between Celcom Axiata Bhd and Digi.Com Bhd would create a new monopoly in the country.
It is estimated that the combined entity will have a 35% market share in the local telecommunications industry.
