The proposed merger between Celcom Axiata Bhd and Digi.Com Bhd to form a new entity MergeCo is expected to be completed in the second half of 2022, said Axiata Group Bhd
In a stock exchange filing to Bursa Malaysia, Axiata said that the transaction will be subjected to the approval of both the company and Digi shareholders, as well as regulatory approvals and other terms and conditions.
On April 8, 2021, Axiata and Telenor Group had announced that they were in advanced discussion to undertake a merger of the telco operators of Celcom and Digi
On November 24, 2021, Axiata also announced that MergeCo had initiated engagement with the Malaysian Communications and Multimedia Communication Commission for the merger assessment process in relation to the proposed merger.
“Our board has also informed that Axiata has been informed by Digi that an application to the Securities Commission Malaysia to seek approval for the proposed merger has been submitted by Digi on January 28 2022,” it said
