PETALING JAYA: 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.
The company said it will continue to grow and promised to introduce more new products such as data add-ons in the next few months.
“Looking at the recent announcements, we understand that you are worried but please don’t be,” the company said in a statement posted today (July 1).
The company, however, did not directly address any concerns raised by subscribers on their Facebook page who feared that Yoodo may be affected when the Celcom-Digi merger is finalised.
Launched in 2018, Yoodo is owned and operated by Celcom as a digital mobile service. In a support page, the company described itself as a “digital startup funded by Celcom”.
On June 29, the Malaysian Communications and Multimedia Commission (MCMC) said it has approved the proposed merger between Celcom and Digi, where it could result in the creation of the biggest mobile service operator in Malaysia.
As part of the merger agreement, MCMC stated that Celcom must divest its Yoodo brand within 18 months after closing through a sales auction process. If the company fails to do so within the stipulated time period, then it must cease Yoodo’s operation within three months.
Bernama reported that the proposed merger is expected to be completed within the second half of the year.
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