Axiata, Telenor's Digi merger receives 'no objection' from MCMC

Quick Summary AI Powered

The undertakings include:  Divestment of 70 MHz of MergeCo’s spectrum across 1800 MHz, 2100 MHz, and 2600 MHz, the first band to be returned to the MCMC within 24 months after completion of the merger, and the second and third bands to be returned within 36 months after completion of the merger;

Establishing a separate independent business unit for mobile virtual network operator (MVNO) wholesale business under MergeCo within six months after completion of the merger and ensuring continuity of access to wholesale services for MVNOs at terms no worse off than existing agreements;

Divestment of Celcom’s "Yoodo” brand within the stipulated time after completion of the merger as committed to MCMC, which currently offers fully digital and customisable retail mobile plans to subscribers;  

or

Read Full Article5 minutes

Want your news featured here?

Article Details

Author / Journalist: yedwin

Category: EconomyStartups

Topics: Transaction Merged Axiata Digi Proposed Mcmc Digital Malaysia Merger Companies

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-29, 02:50:00

News Timezone: GMT +8:00

News Source URL: digitalnewsasia.com

Language: English

Reading Time: 5 minutes read

Article Length: 780 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 19560

View Article Analysis

About Digital News Asia

Main Topics: EconomyStartups

Official Website: digitalnewsasia.com

Update Frequency: 3 posts per day

Year Established: 2012

Headquarters: Malaysia

News Last Updated: 16h ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #18

Publisher Details