Mergers & Acquisitions Mergers & Acquisitions

Celcom-Digi merger clearance in Malaysia secured through divestments, three-year commitments

By Jet Damazo-Santos
  • 29 Jun 2022 04:26
  • 29 Jun 2022 04:26
Malaysia’s second- and third-largest telecommunications companies, Axiata’s Celcom and Telenor’s Digi.Com, have secured clearance to merge after offering to divest spectrum bands and a digital mobile subsidiary. 

The $12 billion deal, which will create the biggest telecommunications operator in the country with over half the market, has taken longer than expected after the

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