Axiata, Telenor, Digi sign agreements to merge Malaysian mobile ops

KUALA LUMPUR: Axiata Group Bhd, Telenor Asia Pte Ltd and Digi.Com Bhd have signed the transaction agreements for the proposed merger of Celcom Axiata Bhd and Digi.

Axiata said in a statement the parties have concluded the due-diligence exercise and confirmed their intent to converge the Malaysian mobile operations to establish a more more-resilient and leading local telco.