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Axiata, Telenor's Digi complete merger

Digital News Asia LogoDigital News Asia2 mo ago

Axiata, Telenor's Digi complete merger - Digital News Asia

Quick Summary:

They said on completion, Axiata received newly issued Digi shares representing 33.1% of the enlarged share capital of Digi, and a cash consideration of US$562 million (RM2.5 billion) funded by Digi and to be assumed by the merged entity. 

Digi also issued shares to Telenor to reach equal ownership following Telenor's payment of US$67.4 million (RM300 million) to Axiata.[RM1 = US$0.222]

In driving the consolidation process, the parties said they are moving purposefully to form a world-class Malaysian digital telco that will contribute significantly towards the growth of the country’s digital ecosystem and economy. 


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Article Details

Author / Journalist: Gerry Wong

Category: EconomyStartups

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-30 @ 13:05:49 (2 months ago)

News Timezone: GMT +8:00

Ranking: #1006 (out of 6541 stories this day)

News Source URL: digitalnewsasia.com

Language: English

Article Length: 690 words

Reading Time: 4 minutes read

Sentences: 17 lines

Sentence Length: 41 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Digital News Asia

News ID: 2059146

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About Digital News Asia

Digital News Asia Logo

Main Topics: EconomyStartupsBusiness

Official Website: digitalnewsasia.com

Update Frequency: 4 posts per week

Year Established: 2012

Headquarters: Malaysia

News Last Updated: 11 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #18

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The story "Axiata, Telenor's Digi complete merger" was covered 2 months ago by Digital News Asia, a news publisher based in Malaysia.

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It's most recent story was published 11 hours ago.

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  • URL: https://beamstart.com/news/axiata-telenors-digi-complete-merger-1669814393603

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