Malaysiakini
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Celcom Axiata, Digi in advanced merger talks

Bernama

Published

Axiata Group Bhd and Telenor Asia, the major shareholder of Digi.com Bhd, are proposing to merge Celcom Axiata Bhd and Digi to become a company, known as Celcom Digi Bhd (MergeCo).

Axiata, together with Malaysian institutional funds, will own over 51 percent of the company.

In a statement today, Axiata said as part of the merger transaction, the company would receive newly issued shares in Digi, representing 33.1 percent post-transaction shareholding and cash equalisation amount of around RM2 billion, of which RM1.7 billion would come from Digi as new debt while the...

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