Celcom and Digi’s combined market share for mobile subscribers will be more than 67% following the merger.
He said that although the merger does not come under MyCC’s purview, the commission should be allowed to study it for pre-approval. In the case of the telecommunications sector, the regulator is the Malaysian Communications and Multimedia Commission , which has given its assurance that it has tools in place to prevent monopolies.“The reality is that Celcom and Digi’s combined market share for mobile subscribers is over 67%. Such market dominance will hurt competition and this ultimately hurts consumers,” he told FMT.
Celcom on the other hand is owned 100% by Axiata, whose shareholders include individuals, banks, companies, and government agencies, among others.Citing an AmInvestment Bank report, Najib said that under the terms of the merger, Digi was being valued at 67% more than Celcom.
Fmt must be the dumbest idiot.....for this news...the guy is a convict....
Who are you to comment? As PM & FM government money 4b stolen and you didn’t know..
Cause giant monopoly you write wrong fmtoday
Wat is a cuase ginat monoploy?
What about Astro
Why so many typo headline tu? Hayaaaa
Oh what about tnb then?
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