{"id":798597,"date":"2021-06-15T09:54:50","date_gmt":"2021-06-15T09:54:50","guid":{"rendered":"https:\/\/telecomlive.in\/web\/2021\/06\/15\/axiata-says-malaysian-merger-with-telenor-to-be-sealed-within-days\/"},"modified":"2021-06-15T09:54:50","modified_gmt":"2021-06-15T09:54:50","slug":"axiata-says-malaysian-merger-with-telenor-to-be-sealed-within-days","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2021\/06\/15\/axiata-says-malaysian-merger-with-telenor-to-be-sealed-within-days\/","title":{"rendered":"Axiata says Malaysian merger with Telenor to be sealed within days"},"content":{"rendered":"<p>Malaysian telecoms firm Axiata Group Bhd and Norway&#8217;s Telenor ASA will seal a deal to merge their Malaysian mobile operations within days, Axiata&#8217;s CEO said on Tuesday.<\/p>\n<p>Both companies have concluded the due diligence process and are hopeful to sign the agreement soon, Izzaddin Idris told a virtual briefing with reporters. &#8220;The signing is a matter of days or a week,&#8221; he added.<\/p>\n<p>Idris said shareholders were upbeat about the proposed merger of Malaysia&#8217;s second and third-largest mobile services providers, which Axiata had said will help restore long-term growth and profitability to the industry there.<\/p>\n<p>Axiata and Telenor announced in April they were in advanced talks to combine Celcom Axiata Bhd and Telenor&#8217;s DiGi.Com Bhd , to create the top player in Malaysia&#8217;s highly competitive sector. The two companies will each own about 33.1% of the merged entity, Celcom Digi Berhad.<\/p>\n<p>Idris added that the merger could be completed in nine to 12 months, depending on regulatory approvals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Malaysian telecoms firm Axiata Group Bhd and Norway&#8217;s Telenor ASA will seal a deal to merge their Malaysian mobile operations within days, Axiata&#8217;s CEO said on Tuesday. Both companies have concluded the due diligence process and are hopeful to sign the agreement soon, Izzaddin Idris told a virtual briefing with reporters. &#8220;The signing is a matter of days or a week,&#8221; he added. Idris said shareholders were upbeat about the proposed merger of Malaysia&#8217;s second and third-largest mobile services providers, which Axiata had said will help restore long-term growth and profitability to the industry there. Axiata and Telenor announced in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-798597","post","type-post","status-publish","format-standard","hentry","category-telecom"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/798597","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=798597"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/798597\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=798597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=798597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=798597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}