MCMC approves Digi-Celcom merger
The Malaysian Communications and Multimedia Commission has approved the merger of Digi.Com Bhd and Celcom Axiata Bhd, saying the two entities have pledge to address concerns of shrinking competition. – Twitter pic, June 29, 2022.
THE Malaysian Communications and Multimedia Commission has approved the merger of Digi.Com Bhd and Celcom Axiata Bhd . Digi and Celcom are respectively Malaysia’s second and third largest mobile service operators, and their merger will result in the country’s largest company to offer the service, the MCMC said in a statement today.On April 1, the commission issued a statement of issues to Digi and Celcom in accordance with the merger guidelines to address concerns that the merger was likely to significantly reduce competition.
On April 8, 2021, Axiata dan Telenor Group announced they were discussing a merger between Celcom and Digi to form a new entity known as MergeCo, and that the process of merging the two companies was expected to be completed in the second half of 2022. – Bernama, June 29, 2022.
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