Axiata, Telenor sign $15 bln deal to merge Malaysian telecoms units
The companies had said in April that they were in advanced talks to merge Celcom Axiata Bhd and DiGi.Com Bhd, and both parties would each own 33.1% of the merged firm.
The companies had said in April that they were in advanced talks to merge Celcom Axiata Bhd and DiGi.Com Bhd, and both parties would each own 33.1% of the merged firm.
Malaysian telecoms firm Axiata Group Bhd and Norway's Telenor ASA will seal a deal to merge their Malaysian mobile operations within days, Axiata's CEO said on Tuesday.
Axiata had no immediate comment but said in an email earlier on Monday that it would hold a news conference with RHB on Wednesday "on significant partnerships that will expand collaborations between both parties."
Both companies said they were discussing the merger of the telco operations of Celcom Axiata Berhad and Digi.Com Bhd , in which the parties would have equal ownership estimated at 33.1% each.
Investigation by Centre for Investigative Journalism-Nepal revealed that a British journalism organisation -- Finance Uncovered -- has found that a handful of Nepali investors have made fortunes by transacting shares of mobile service provider Ncell.
Axiata Group Berhad has sold its residual stake in Vodafone Idea (VIL) and exited India’s telecom sector, having taken a substantial hit on its investments after a high-profile entry more than a decade ago.
Axiata Group Bhd , Malaysia's third-biggest telecom operator by number of subscribers, is looking to raise up to $1 billion through the sale of Islamic bonds, it said on Wednesday.
Malaysian telecommunications company Axiata Group Bhd is in talks to buy a smaller rival in Indonesia in a share-swap deal to cut costs and competition in its biggest market, as COVID-19 hammers businesses, its CEO told Reuters.
Malaysia's Axiata Group Bhd has secured a total of $800 million in syndicated multi-currency Islamic financing facilities for its sustainability-linked initiatives, the company said in a statement on Monday.
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