Telenor, Axiata Complete Malaysian Mobile Operations Merger
November 30 2022 - 9:30AM
Dow Jones News
By Dominic Chopping
Norwegian telecom provider Telenor ASA said Wednesday that
alongside Malaysian operator Axiata Group Bhd, they have completed
the merger of their Malaysian mobile operations, Celcom Axiata Bhd
and Digi.com Bhd.
The companies said in April last year that they were in advanced
talks on a proposed merger.
The new company will be called Celcom Digi and will retain its
Digi listing on Bursa Malaysia, Telenor said.
On completion of the deal, Axiata received newly issued Digi
shares representing 33.1% of the enlarged share capital of Digi,
and 2.5 billion Malaysian ringgit ($554.5 million) in cash.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
November 30, 2022 09:15 ET (14:15 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Telenor ASA (QX) (USOTC:TELNY)
Historical Stock Chart
From Apr 2024 to May 2024
Telenor ASA (QX) (USOTC:TELNY)
Historical Stock Chart
From May 2023 to May 2024
