Telenor and Axiata Complete Merger To Create Largest Telco in Malaysia

Telenor and Axiata Group have completed the merger of Malaysian mobile operators DiGi and Celcom. Talks about the merger have been ongoing for a while now, and the successful merger sees a new company called Celcom DiGi created. With a subscriber base of up to 20 million, Celcom Digi has become the largest telecom company in Malaysia. Axiata Group owns Celcom, while Telenor owns DiGi. Both companies will have equal ownership of Celcom DiGi, owning 33.1 percent of shares.

The current leader in the Malaysian telecommunication market is Maxis, with 12 million subscribers. With the merger between the two companies, Celcom DiGi projects revenue of RM 8 billion ($1.8 billion). The Chairman of Axiata Group Berhad, Tan Sri Shahril Ridza Ridzuan, said: "Celcom Digi is strategically poised to invest in network expansion and support the growth of Malaysia's digital ecosystem. We are also heartened at the role this tech giant can play in spurring talent development here in our very own backyard as Malaysia charts advancements in 5G innovations, automation, IoT, AI, and cyber resilience, among others."