Celcom and Digi To Merge; As Part of Axiata and Telenor Deal

Axiata Group and Telenor Group have announced that they are in discussion to merge their telecom and infrastructure assets in Asia. This will result in the creation of a new entity that will cover 300 million customers as well as 60,000 towers throughout the region.

The newly merged entity will be based in Kuala Lumpur although 56.6% of the share will belonged to Telenor and 43.5% will go to Axiata. In Malaysia, Axiata’s subsidiary, Celcom and its Telenor counterpart, Digi will be merged as well to become the largest mobile telco in the country.

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