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KUALA LUMPUR: The FBM KLCI ended almost flat on Wednesday in the absence of market moving factors while the ringgit appreciated to three week high level against the US dollar.
KUALA LUMPUR: Despite opening higher at the start of the opening bell, the FBM KLCI succumbed to profit taking activities on Monday.
SURVEILLANCE or closed-circuit television (CCTV) cameras are so widespread nowadays that it certainly is an eye-opener to know that the technology dates as far back as World War II.
The new entity, Celcom Digi Bhd, will become the biggest player locally, with an estimated annual revenue of RM12.4bil and 19 million subscribers or about a 40% market share. How will this affect the local telco landscape?
AFTER Digi.com Bhd and Axiata Group Bhd’s subsidiary Celcom Axiata Bhd announced their merger plan to become the country’s largest telecommunications company, both stocks soared significantly.
KUALA LUMPUR: Share prices on Bursa Malaysia ended higher on Friday, amid persistent buying interest led by Axiata Group Bhd and Digi.com Bhd on the back of ongoing mega merger talks.
KUALA LUMPUR: Trading interest in the local telco sector single-handedly drove the FBM KLCI higher in the morning session, despite profit-taking in other sectors.
KUALA LUMPUR: Shares of both Axiata Group Bhd and Digi.com BHd shot up on news that the telcos are in advanced discussion about a merger.
KUALA LUMPUR: The once-failed merger talks between Axiata Group Bhd and Norway’s Telenor ASA is back and the sweetener in the deal this time to make it more palatable is an equal shareholding of 33% by both parties.
Axiata Group Bhd and Norway’s Telenor ASA are in advanced discussions to merge their Malaysian mobile operations, which could create the country’s biggest cellphone operator by subscribers.