Axiata, Telenor's Digi complete merger

Q: How long will it take to read this news story?

The story "Axiata, Telenor&#039;s Digi complete merger" has 690 words across 17 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Axiata, Telenor&#039;s Digi complete merger" was covered 2 months ago by Digital News Asia, a news publisher based in Malaysia.

Q: How trustworthy is 'Digital News Asia' news outlet?

Digital News Asia is a fully independent (privately-owned) news outlet established in 2012 that covers mostly economy, startups, and business news. The outlet is headquartered in Malaysia and publishes an average of 1 news stories per week. It's most recent story was published 11 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #2059146</li><li>URL: https://beamstart.com/news/axiata-telenors-digi-complete-merger-1669814393603</li></ul>

Digital News Asia Logo Digital News Asia 2 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.