Deals
Axiata, Telenor Agree to Merge Malaysian Mobile Operations
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Axiata Group Bhd. and Norway’s Telenor ASA are in advanced discussions to merge their Malaysian mobile operations, which could create the country’s biggest cellphone operator by subscribers.
The parties are working toward finalizing a deal to combine Celcom Networks Bhd. and Digi.com Bhd., according to a joint statement on Thursday. Axiata and Telenor will have an equal ownership of 33.1% each in the merged entity, Celcom Digi Bhd. The announcement confirms an earlier Bloomberg News report.