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KUALA LUMPUR: Axiata Group Bhd, Telenor Asia Pte Ltd and Digi.com Bhd (Digi) have completed the merger of the telecommunications operations of Celcom Axiata Bhd and Digi.
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: Axiata Group Bhd and Digi.Com Bhd received approval from the Malaysian Communications and Multimedia Commission (MCMC) for the proposed merger between Celcom Axiata Bhd and Digi.
Yoodo has announced that “it’s business as usual” amid reports that the company has to be sold off or face being shut down due to the Celcom-Digi merger.
PETALING JAYA: Following its proposed merger with Celcom Axiata Bhd which will be completed soon, Digi.Com Bhd will be well entrenched in the public sector and migrant worker space, commanding the dominant market share in the mobile market at 43%.
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.
KUALA LUMPUR: Digi.Com Bhd’s (Digi) shareholders have approved the proposed merger of its and Celcom Axiata Bhd’s telecommunication operations at an extraordinary general meeting (EGM) held today.
KUALA LUMPUR: Bursa Malaysia Securities Bhd has approved the listing of and quotation for 3.96 billion new ordinary shares in Digi.com Bhd to be issued pursuant to the proposed merger with Celcom Axiata Bhd.
PETALING JAYA: Analysts are generally bullish about the outlook for telecommunications (telecoms) conglomerate Axiata Group Bhd following the completion of its high profile Celcom-Digi merger earlier this month, saying they like the prospects of the group’s digital and infrastructure businesses, as well as long-term synergies.
KUALA LUMPUR: Axiata Group Bhd has declared a special tax-exempt dividend of four sen per share for the financial year ending Dec 31, 2022, pursuant to the successful completion of the Celcom-Digi merger.
KUALA LUMPUR: The Malaysian Communications and Multimedia Commission (MCMC) has formally received an application from Digi.Com Bhd’s subsidiary, Digi Telecommunications Sdn Bhd, for the proposed merger of Celcom Axiata Bhd and Digi.Com’s mobile telecommunication network operations.
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.
KUALA LUMPUR: The Celcom Digi Bhd merger will be the precursor for a better end-user cellular experience will bring a better user experience, says Assoc Prof Dr Leow Chee Yen
KUALA LUMPUR: Axiata Group Bhd’s board of directors has announced that its shareholders have approved the proposed merger of the telecommunication operations of Celcom Axiata Bhd and Digi.Com Bhd.
KUALA LUMPUR: The proposed merger between DiGi.Com Bhd (Digi) and Celcom Axiata Bhd (Celcom) has been formally received and is pending approval from the Malaysian Communications and Multimedia Commission (MCMC).
KUALA LUMPUR: UOB Kay Hian Malaysia Research expects the merger between Celcom and Digi to realise annual cost savings of RM500mil when it crystalises.
PETALING JAYA: Depreciation and amortisation (D&A) expenses is expected to remain above RM3bil in financial year 2025 (FY25) for CelcomDigi Bhd as a result of the elevated capital expenditure in FY24.
PETALING JAYA: The Malaysian Communications and Multimedia Commission (MCMC) is open to further mobile consolidation in the country as it reviews the market structure.
TALKS between Norway’s Telenor ASA and Malaysia’s Axiata Group Bhd for a merger of their mobile telecom units have resumed, sources say.
Axiata is also looking at options for its Indonesia ops
