Axiata, Telenor complete Celcom-Digi merger

have completed the merger of the telecommunications operations of Celcom Axiata Bhd and Digi.

"In driving the consolidation process, the parties move purposefully to form a world-class Malaysian digital telco that will contribute significantly towards the growth of the country’s digital ecosystem and economy.In a joint statement, Axiata and Telenor said on a pro forma basis for the financial year 2021, Celcom Digi would serve an estimated 20 million customers, with revenues of RM13 billion and earnings before interest, taxes, depreciation and amortisation of around RM5.8 billion.

"On behalf of the board of Axiata, I congratulate the Celcom Digi team on this new beginning. It is the culmination of months of meticulous integration work to create Malaysia’s digital champion. "The launch of Celcom Digi represents a major milestone in Malaysia’s digitalisation journey, aligned with Telenor’s ambition to build leading operators that serve customers with relevant, attractive, and convenient products and services,” he said.

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Merger to affect Axiata’s earnings qualityPETALING JAYA: Axiata Group Bhd’s earnings quality is set to decline following the completion of the proposed merger between the Malaysian operations of Axiata under Celcom and Telenor’s controlled Digi.com Bhd.
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