Axiata expects Celcom-Digi merger to be completed in 2H22

KUALA LUMPUR: The proposed merger between Celcom Axiata Bhd and Digi.com Bhd to form a new entity known as MergeCo is expected to be completed in the second half of 2022, said Axiata Group Bhd.

In a stock exchange filing to Bursa Malaysia today, Axiata said the completion of the transaction will be subject to the approval of both the company and Digi shareholders, as well as regulatory approvals and other terms and conditions.