18 Nov 2022
KUALA LUMPUR – The Board of Directors of Axiata Group Berhad (“Axiata” or “the Group”) has announced at the conclusion of the Group’s Extraordinary General Meeting (“EGM”) today, that its shareholders have approved the proposed merger of the telecommunication operations of Celcom Axiata Berhad (“Celcom”) and Digi.Com Berhad (“Digi”).
The outcome of the EGM by poll vote has been submitted to Bursa Securities (Bursa) as required by the applicable regulations. As shareholders of Axiata have given the nod, the merger moves closer to completion, having previously cleared the Malaysian Communications and Multimedia Commission (MCMC), the Securities Commission and Bursa prior to this EGM.
About Axiata
In pursuit of its vision to be The Next Generation Digital Champion by 2024, Axiata is a diversified telecommunications and digital conglomerate operating Digital Telcos, Digital Businesses and Infrastructure businesses across a footprint spanning ASEAN and South Asia.
The Group has controlling stakes in market-leading mobile and fixed operators in the region including 'Celcom' in Malaysia, 'XL’ and ‘Link Net' in Indonesia, 'Dialog' in Sri Lanka, 'Robi' in Bangladesh, 'Smart' in Cambodia and 'Ncell' in Nepal. Axiata’s regional digital business verticals comprise “Boost” a fintech play, and ‘ADA’, a digital analytics and AI company. 'edotco' is among the top 10 independent TowerCos globally, operating in nine countries to deliver telecommunications infrastructure services.
As a committed and long-term investor, the Group actively supports and drives young talent development; community outreach; as well as climate change initiatives. Axiata's broader goal of Advancing Asia aims to piece together the best in the region in terms of innovation, connectivity and talent to drive digital inclusion and sustainable progress across our markets. Find out more at www.axiata.com
Issued By
Corporate Communications
Axiata Group Berhad
Level 30, Axiata Tower,
9 Jalan Stesen Sentral 5, Kuala Lumpur Sentral 50470 Kuala Lumpur Malaysia
Continue Reading
Strong Operational Performance in 3Q22, Well-Positioned to Deliver on Headline KPIs
Axiata Renews Commitment to Anti-Bribery & Anti-Corruption Through Signing of Corruption Free Pledge