PETALING JAYA: The Celcom-Digi merger is just a step away from completion, but the heat is on Axiata Group Bhd
as its credit profile is likely to weaken.
The merger will erode the earnings quality of Axiata, and an acquisition-fueled increase in leverage adds further pressure to Axiata’s credit profile, said S&P Global Ratings.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
