CelcomDigi’s capex to modernise its IT systems

RHB Research said CelcomDigi is committed to delivering steady-state pre-tax merger synergies of between RM700mil and RM800mil from FY27.

PETALING JAYA: RHB Research expects CelcomDigi Bhd’s stronger commercial execution and realisation of merger synergies to drive a re-rating of the stock, even as the group steps up investment in information technology (IT) system upgrades that will raise near-term costs.

Following an engagement with the group, the research house was guided that the bulk of CelcomDigi’s financial year ending Dec 31, 2025 (FY25) capital expenditure, estimated at RM1.8bil to RM2bil, would go towards modernising its IT systems.