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...Under the agreement, Axiata will transfer full ownership of its mobile operator Celcom to Digi, Telenor’s Malaysian unit, for nearly RM18bn, which will be settled via new shares and RM1.7bn in cash from...
...Celcom Axiata and Digi.com, the Malaysia-based companies, this month finalised a merger to create the country’s largest telecoms group....
...The two companies’ Malaysian businesses — Celcom for Axiata and Digi for Telenor — would also be merged, creating the company’s largest mobile operator....
...Axiata in 2018 recorded a net loss of over RM5bn, as it wrote off legacy technology worth RM1.82bn, primarily in its Indonesian unit XL Axiata and Malaysian arm Celcom....
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