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Will Celcom-Digi merger cause giant monopoly, asks Najib

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Former prime minister voices concern that merged company will be too dominant and wants competition commission scrutiny. FMTNews MCMC Digi

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.

 

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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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MCMC says it has tools to prevent monopolies amid concerns about Celcom-Digi mergerThere are concerns from the public that the planned Celcom-Digi merger could lead to a monopoly. MCMC assures that consumers will be protected with the existing regulatory framework.
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