Merger won’t create monopoly

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.