Parties agree on mega telco merger

PETALING JAYA: Axiata Group Bhd, Telenor Asia Pte Ltd and Digi.Com Bhd have finalised the proposed merger between Celcom Axiata Bhd and Digi, a union that will see the telco giants generating synergies ranging from cost savings to financial flexibility for future capital expenditure (capex) rollout.

Rakuten Trade Sdn Bhd head of equity sales Vincent Lau said the finalisation of the deal is indeed “good news” for the market, considering the uncertain economic environment currently.