AFTER Digi.com Bhd
and Axiata Group Bhd’s subsidiary Celcom Axiata Bhd announced their merger plan to become the country’s largest telecommunications company, both stocks soared significantly.
Investors seem to like the idea of the merger, especially with the changing landscape of the telecommunications industry where players are losing revenue to the over-the-top (OTT) service providers such as instant messaging service WhatsApp and online TV Netflix.
On Thursday, Axiata’s wholly owned unit Celcom and Norway-based Telenor’s 49% unit Digi announced their plan to merge to become the country’s largest telco provider Celcom Digi Bhd (CDB).
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