New Street: Malaysian Telcos Celcom-Digi receives MCMC clearance; merger timeline remains at 2H22
As we have expected, the Celcom-Digi merger is going through. Today, Axiata and Digi received the regulatory approval from the Malaysian Communications and Multimedia Commission (“MCMC”) to proceed with the proposed merger of Celcom and Digi operations in Malaysia.Axiata Group is an investment holding company. Co. is engaged in the provision of mobile communication services and network transmission related services. Co.'s principal activities are investment holding and provision of technical and management services. The principal activities of Co.'s subsidiaries are mainly the provision of mobile communication services and network transmission related services. Co. provides mobile services, leasing of passive infrastructure, and others such as provision of interconnect services, leased services, pay television transmission services and provision of other data services. Co. operates within Malaysia, Indonesia, Bangladesh, Sri Lanka.
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