Telenor, Axiata In Advanced Talks To Merge Malaysian Mobile Operations - Quick Facts

By RTTNews4 days ago

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(RTTNews) - Norwegian telecom company Telenor ASA (TELNY.PK, TELN) Thursday said it is in advanced discussions with Axiata Group Berhad regarding a potential merger of their Malaysian mobile operations Digi and Celcom.

The parties will have an equal ownership of 33.1 percent each in the combined company, which will be named Celcom Digi Berhad.

The companies acknowledge that there is no certainty that these discussions will result in any agreement. Telenor Group and Axiata expect to finalize agreements in relation to the proposed deal within the second quarter of 2021 following due diligence.

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