Celcom-Digi merger now in the hands of MCMC - SoyaCincau

📆 26/11/2021 07:23:00
📰 Soya_Cincau

⏱ Reading Time:
20 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 55%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Over two years and two attempts to merge later, Celcom and Digi have formally submitted their merger application to form Celcom Digi Berhad to the MCMC.

, the two have finally formally submitted their application for the merger to the Malaysian Communications and Multimedia Commission .

This new Celcom Digi Bhd would see Telenor and Axiata each own 33.1% of the company, with a number of other Malaysian institutions like EPF, PNB and KWAP also having a stake in it. It’s set to have a proforma revenue of around RM12.4 billion, with a pre-synergy EBITDA of RM5.7 billion and will cover 19 million customers. In other words, it will be the new leading telco in Malaysia.

Write Comment

Sy berpendapat pengabungan ini akan mengambil masa yg lama untuk diluluskan oleh mcmc.Ini disebabkan MCMC sekarang ini sedang menghidupkan Monopoli DNB.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Celcom-Digi merger proposal formally received by MCMCKUALA LUMPUR: The proposed merger between DiGi.Com Bhd (Digi) and Celcom Axiata Bhd (Celcom) has been formally received and is pending approval from the Malaysian Communications and Multimedia Commission (MCMC).
Source: staronline - 🏆 4. / 75 Read more »