Telenor Group and Axiata Group last week announced that they are in advanced discussions regarding a potential merger of its Malaysian mobile operations Digi and Celcom, in which the parties will have an equal ownership of 33.1 percent each.
The new company will be a leading provider of telecommunication services in the country, with competence and scale to meet increasing expectations and demand from a digitally connected society, said the companies.
The parties aim to create a leading telecommunication service provider in Malaysia with the capabilities to drive research and innovation and facilitate a platform for accelerated digital growth in the local ecosystem. A progressive digital economy is important to Malaysia’s future economic resilience and competitiveness, and the merged company will be well positioned for delivering industry innovation, high-quality connectivity and a diversified value proposition to the customers.
