
Reading Time: 2 minutes
The parties aim to create a leading telecommunication service provider in Malaysia with the capabilities to drive research and innovation and facilitate a platform for accelerated digital growth in the local ecosystem. A progressive digital economy is important to Malaysia's future economic resilience and competitiveness, and the merged company will be well positioned for delivering industry innovation, high-quality connectivity and a diversified value proposition to the customers.
The proposed merger represents an important milestone in Telenor Group's strategy to strengthen its Asian presence and create value in the region. The new entity will have size and financial capabilities to support Malaysia's digital aspirations and lead industry development in a connected society. We look forward to partner with Axiata to realize the potential of the new company , says J rgen C. Arentz Rostrup, Executive Vice President and Head of Telenor Asia.
Both parties have agreed to nominate Dato' Izzaddin Idris as Chair, J rgen C. Arentz Rostrup as Deputy Chair, Idham Nawawi as CEO and Albern Murty as deputy CEO of the merged company which will be named Celcom Digi Berhad.
As part of the transaction, Axiata will receive newly issued shares in Digi which represents 33.1% of the merged company. A transaction will realize synergies and provide value for shareholders in line with our strategy of developing value from core telco assets. Celcom Digi will continue to be listed on Bursa Malaysia and will be amongst the top stocks in terms of market capitalisation and contribute to the attractiveness of the local capital market.
Telenor Group and Axiata will work towards finalizing agreements in relation to the proposed transaction within the second quarter of 2021 following due diligence.
The transaction will be subject to approval by Digi Board and Celcom shareholder, receipt of regulatory approvals and other customary terms and conditions. The parties acknowledge that there is no certainty that these discussions will result in any agreement.
Investor Relations contact: ystein Myrvold, Head of Investor Relations, Telenor Group
+47 99 23 04 60 | oystein.myrvold@telenor.com
Press contact: Tormod Sandst , Director Media Relations, Telenor Group
+47 90 94 32 15 | Tormod.Sandsto@telenor.com
More from Telenor Digital Services and Broadcast
05/07/2024
4 minute read
Share
alt=Alternative descriptive text class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb10>
In June, Telenor established...
24/06/2024
1 minute read
Share
alt=Bl tt logo p m rkebl bakgrunn class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb10>
It is with great sadness ...
18/06/2024
2 minute read
Share
alt=Alternative descriptive text class=lazyload main ...
14/06/2024
6 minute read
Share
alt=Alternative descriptive text class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb10>
Norwegian businesses and pub...
23/05/2024
7 minute read
Share
alt=Telenor Group's Board of Directors has appointed Benedicte Schilbred Fasmer as new President & CEO class=lazyload main main-l...
30/04/2024
6 minute read
Share
alt=Alternative descriptive text class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb10>
Telenor showed good momentum...
15/04/2024
1 minute read
Share
alt=Alternative descriptive text class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb10>
Tone Hegland Bachke, Executi...
22/03/2024
1 minute read
Share
alt=Alternative descriptive text class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb10>
Our digital lives are becomi...
19/03/2024
5 minute read
Share
alt=Telenor, Hafslund and HitecVision announces 2.4 b...
14/03/2024
8 minute read
Share
alt=Alternative descriptive text class=lazyload main ...
26/02/2024
6 minute read
Share
alt=Alternative descriptive text class=lazyload main ...
26/02/2024
4 minute read
Share
alt=Alternative descriptive text class=lazyload main ...
07/02/2024
8 minute read
Share
Presentation & report
Webcast
alt=Alternative descriptive text class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb...
06/02/2024
5 minute read
Share
alt=Alternative descriptive text class=lazyload main ...
06/02/2024
5 minute read
Share
alt=Alternative descriptive text class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb10>
(Antarktis, 6. februar 2024)...
14/12/2023
3 minute read
Share
alt=Alternative descriptive text class=lazyload main ...
11/12/2023
7 minute read
Share
Safeguard
Safeguard
Safeguarding planet, people and data in the digital world and beyond
Safeguard means that Telenor constantly ...
30/11/2023
7 minute read
Share
In a step towards advancing the realm of artificial in...
20/11/2023
5 minute read
Share
alt=Alternative descriptive text class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb10>
In 2020, Telenor launched Mi...
16/11/2023
4 minute read
Share
alt=Dag St lan (CEO Space Norway), Jan Christian Vestre (Norwegian Minister of Trade and Industry) and Dan Ouchterlony (EVP and Head ...
25/10/2023
4 minute read
Share
Presentation & report
Webcast
alt=Alternative descriptive text class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb...
22/09/2023
7 minute read
Share
alt=Foto: TSFotoDesign/Tanja Skoglund class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb10>
Foto: TSFotoDesign/Tanj...
22/08/2023
6 minute read
Share
Telenor is implementing changes to the Group Leadership Team, as the company continues to execute on the strategic ambitions towards 2...
10/08/2023
2 minute read
Share
--
Fornebu, 10 August 2023 - Telenor announces that all shares in software company Working Group Two will be acquired by the global...
20/07/2023
3 minute read
Share
Presentation & report
Webcast
In the second quarter we continue to execute on the strategy we laid out last year, seeing firm ope...
10/07/2023
5 minute read
Share
alt=Photo people class=lazyload main main-lazyloaded ...
03/07/2023
4 minute read
Share
alt=Alternative descriptive text class=lazyload main ...
26/06/2023
15 minute read
Share
As part of our commitment to reduce our carbon emissions, we have a responsibility to also examine our value chains. At Telenor, we a...
19/06/2023
6 minute read
Share
(Oslo, 19 June 2023) The criteria for security and sus...
05/06/2023
3 minute read
Share
alt=Alternative descriptive text class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb10>
Thomas Midteide is appointed...
31/05/2023
7 minute read
Share
In Kolding and Vejle Municipality, near the villages of Viuf and H strup, Better Energys brand-new solar park is on the way as the two...
23/05/2023
3 minute read
Share
Telenor has completed its internal learning process after the exit from Myanmar, yielding valuable lessons on responsible disengagemen...
10/05/2023
5 minute read
Share
The Corporate Assembly for Telenor ASA has in its meeting on 10 May 2023 elected Jens Petter Olsen as Chair of the Board of Directors,...
04/05/2023
5 minute read
Share
Presentation & report
Webcast
Today, Telenor reports its results for the first quarter of 2023.
I'm pleased to see that we ...
28/04/2023
5 minute read
Share
Everyone should be able to perform their jobs safely. Telenor Asia's Head of Health, Safety and People Security shares how he tack...
11/04/2023
1 minute read
Share
Frank Maa has been appointed Senior Vice President Ca...
28/03/2023
2 minute read
Share
Annual Report 2022
Telenor's Annual Report for 2022 covers financial statements, sustainability reporting, an overview of 20...
16/03/2023
7 minute read
Share
Cisco and Telenor Group executives celebrate the fifth...
08/03/2023
7 minute read
Share
Three women who are working on some of the most important priorities for Telenor Asia tell us how they have stepped into leadership ro...
08/03/2023
7 minute read
Share
Three women who are working on some of the most important priorities for Telenor Asia tell us how they have stepped into leadership ro...
08/03/2023
7 minute read
Share
Empowering Societies Digital skills Include Inclusion Grameenphone
Grameenphone and Plan International Bangladesh join hands...
07/03/2023
9 minute read
Share
Writer: Mindy Tan
View original article on The Busine...
01/03/2023
11 minute read
Share
dtac Telenor Asia
When Telenor made its foray into Thailand in 2003 through its investment in dtac, the company's vision was ...
01/03/2023
5 minute read
Share
Today, Telenor Asia announces the completion of the amalgamation of the telco operations of True and dtac in Thailand. The transaction...
14/02/2023
7 minute read
Share
Download the full Year in Review - 2022
Message from Head of Telenor Asia, J rgen C. Arentz Rostrup:
2022 marked a significant turn...
02/02/2023
7 minute read
Share
The quarter represents significant progress on our new strategic roadmap towards 2025. Mobile service revenues in Telenor Nordics inc...
01/02/2023
2 minute read
Share
(Fornebu, 1 February 2023) Telenor today closes the transaction to divest 30 percent of newly established Telenor Fiber AS, in Norway ...
31/01/2023
11 minute read
Share
View report highlights
Downloads
Report pdf
Info...
30/01/2023
9 minute read
Share
Download full report PDF
Survey Findings (Infographics) PDF
Read the press release
From virtual worlds to real-life communitie...
12/01/2023
3 minute read
Share
Dtac and True have today held separate board meetings regarding the ongoing merger process between the companies. The boards of direct...