Celcom, Digi to merge

KUALA LUMPUR: Advanced discussions are underway to merge Celcom Axiata Bhd, a unit of Axiata Group Bhd, with Digi.com Bhd under a new joint entity named Celcom Digi Bhd.

Axiata said in a Thursday statement it has plans with Digi's parent, Telenor Asia, to merge the operations of the two telco firms and are aiming to finalise agreements over the proposed transaction within the second quarter of this year following due diligence.