We look forward to delivering better value and choices to benefit society, especially in bridging the divide in rural areas and assisting the Home and Enterprise businesses take advantage of new opportunities in this digitally accelerated environment.
The application to MCMC would involve the formation of a Celcom Digi Bhd, and encompasses Digi Telecommunications Sdn Bhd and Celcom Axiata Bhd.
This is just 1 of the big merger news in Malaysia recently. Com was suspended earlier in the day. Com on Friday night April 1 , the two companies said the MCMC, in presenting its views on the matter via a statement of Issues or SOI dated the same day, had informed them that the entities proposed to be merged — Digi Telecommunications Sdn Bhd and Celcom Axiata — will need to collectively address the competition concerns it raised across four indicated market areas.
This is followed closely by Maxis 29% , Digi is rapidly expanding its customer base to 14% targeting the SME segment while the rest is scattered across smaller players.
Axiata and Telenor will be equal partners with 33.
The 35% stake is held via Celcom Mobile, a wholly-owned unit of Celcom Axiata, which is in turn wholly-owned by Axiata Group.
The merger news only resurfaced again last week, but this time, the deal is only on the Malaysian business.
It will be well-placed to fuel the implementation of digital technologies at a time when 5G, IoT, AI and cloud computing are coming together to accelerate digitalisation across all reaches of society.
As Malaysian telcos are still busy reshuffling their 5G plans with the rather unexpected special-purpose vehicle SPV approach for more, please see , March 8, 2021 , the industry was hit again by another major news — the merger of Celcom and Digi. This new Celcom Digi Bhd would see Telenor and Axiata each own 33.
NextAfter taking into account the issuance of new ordinary shares in Digi.
Existing users will have the choice to maintain their telco brand, as both Celcom and DiGi brands will continue as is, post-merger.
NextOn a pro forma basis 1, MergeCo will serve an estimated 19 million customers with revenue of RM12.