(Oslo/Singapore, 29 June 2022) Telenor Group’s Malaysian subsidiary Digi.Com Berhad (“Digi”), and Axiata Group Berhad announced today that they have received a Notice of No Objection from the Malaysian Communications and Multimedia Commission (“MCMC”) on the proposed merger of Celcom and Digi’s telco operations.
With this notice the MCMC consents for the parties to advance to the next phase of the proposed transaction. The completion of the proposed transaction will now be subject to the approval of the Securities Commission, Bursa Malaysia, and by both Axiata and Digi shareholders.
“We have reached a positive milestone in the Malaysian merger process with this regulatory clearance. We are excited to move towards realising the full potential of bringing these two companies together, establishing a commercially stronger and more resilient digital service provider. With the proposed structural moves in Thailand and Malaysia, Telenor has a clear ambition to create future-fit companies that can better support ambitious national digital aspirations and bring new, advanced services to consumers across the region,” said Jørgen Arentz Rostrup, Executive Vice President and Head of Telenor Asia.
To ensure that consumers in Malaysia will continue to benefit from effective competition in the telecommunications sector, Axiata and Digi have offered an undertaking that they believe fully addresses preliminary issues identified…
