. The two telcos not only form the single largest mobile telco in the country but it’s also the largest local-listed technology company on Bursa Malaysia.
The merged parties aim to form a world-class Malaysian digital telco that will contribute significantly towards the growth of the country’s digital ecosystem and economy. On a pro forma basis for the financial year 2021, Celcom Digi will serve an estimated 20 million customers, with revenues of RM13 billion and an EBITDA of around RM5.8 billion. It added that it remains committed to the previously announced synergy target of RM8 billion.
Meanwhile, Telenor Executive Vice President and Head of Asia Jørgen C. Arentz Rostrup, said “The launch of Celcom Digi represents a major milestone in Malaysia’s digitalization journey, aligned with Telenor’s ambition to build leading operators that serve customers with relevant, attractive, and convenient products and services.
In addition, Celcom and Digi will have to establish a separate independent business unit to manage Mobile Virtual Network Operators while ensuring continued access to wholesale service for MVNOs at terms no worse off than the current agreements. Yoodo, the digital telco brand under Celcom, will need to be divested within 18 months after the completion of the merger.
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