The Board of Directors of Digi.Com Berhad (Digi) announce that the company’s shareholders have approved the proposed merger of Celcom’s and Digi’s telco operations during its Extraordinary General Meeting (EGM). A formal filing on the outcome of the EGM will be made to Bursa Malaysia once market reopens in the coming week.
Approval by both Digi’s and Axiata Group Berhad’s shareholders are one of the final steps in the proposed merger approval process, having previously been cleared by the Malaysian Communications and Multimedia Commission, the Securities Commission, and Bursa Malaysia.
At completion, Axiata and Telenor will hold equal ownership of 33.1 percent each in the new merged company, which is proposed to be named Celcom Digi Berhad.