GlobeNewswire by notified

Celcom-Digi receives regulatory clearance to move forward with merger in Malaysia


(Oslo/Singapore, 29 June 2022) Telenor Group’s Malaysian subsidiary Digi.Com Berhad (“Digi”), and Axiata Group Berhad announced today that they have received a Notice of No Objection from the Malaysian Communications and Multimedia Commission (“MCMC”) on the proposed merger of Celcom and Digi’s telco operations.  

With this notice the MCMC consents for the parties to advance to the next phase of the proposed transaction. The completion of the proposed transaction will now be subject to the approval of the Securities Commission, Bursa Malaysia, and by both Axiata and Digi shareholders. 

“We have reached a positive milestone in the Malaysian merger process with this regulatory clearance. We are excited to move towards realising the full potential of bringing these two companies together, establishing a commercially stronger and more resilient digital service provider. With the proposed structural moves in Thailand and Malaysia, Telenor has a clear ambition to create future-fit companies that can better support ambitious national digital aspirations and bring new, advanced services to consumers across the region," said Jørgen Arentz Rostrup, Executive Vice President and Head of Telenor Asia. 

To ensure that consumers in Malaysia will continue to benefit from effective competition in the telecommunications sector, Axiata and Digi have offered an undertaking that they believe fully addresses preliminary issues identified by the MCMC. Details are available here.

The parties remain confident that the merged company will realise the estimated synergies, and that the combined entities will establish a stronger, more resilient digital converged service provider well-positioned to respond to shifting market conditions.    

The merged company will provide better network quality and coverage. In addition, it will be primed to invest in network expansion, drive 5G solutions and catalyse new growth opportunities for large enterprises and SMEs. The merged company will also leverage combined economies of scale, while creating benefits through strengthening core distribution, delivering improved network operations, and realising efficiencies from operational activities.  

The merged company has proposed to invest up to RM250 million (~US$55m / NOK 550m) over five years to build a world-class Innovation Centre in Kuala Lumpur that will keep Malaysia at the forefront of the global digital evolution. The Innovation Centre will be pivotal in advancing extensive research and development leveraging 5G, AI and IOT technology as well as supporting local digital start-ups in growing their technology and innovation capabilities. 

The parties estimate that the proposed merger will be completed within the second half of 2022 as announced previously. At completion, Axiata and Telenor will hold equal ownership of 33.1 percent each in the new merged company. 

Press contact:

David Fidjeland, Director Media Relations, Telenor Group

+ 47 934 67 224 |

To view this piece of content from, please give your consent at the top of this page.
To view this piece of content from, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Sampo plc’s share buybacks 12/08/202215.8.2022 07:30:00 CEST | Press release

SAMPO PLC STOCK EXCHANGE RELEASE 15/08/2022 at 08:30 am Sampo plc’s share buybacks 12/08/2022 On 12/08/2022 Sampo plc (business code 0142213-3, LEI 743700UF3RL386WIDA22) has acquired its own A shares (ISIN code FI0009003305) as follows: Sampo plc’s share buybacksAggregated daily volume (in number of shares)Daily weighted average price of the purchased shares*Market (MIC Code)14,42245.06AQEU29,72844.98CEUX9,01645.09TQEX76,83445.02XHELTOTAL130,00045.02 *rounded to two decimals On 9 June 2022, Sampo announced a share buyback programme of up to a maximum of EUR 1 billion in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052. The programme, which started on 10 June 2022, is based on the authorization granted by Sampo's Annual General Meeting on 18 May 2022. After the disclosed transactions, the company owns in total 6,194,495 Sampo A shares representing 1.16 per cent of the total number of shares in Sampo plc. Details of ea

Novartis provides update on Phase III CANOPY-A study evaluating canakinumab as adjuvant treatment in non-small cell lung cancer15.8.2022 07:15:00 CEST | Press release

Phase III CANOPY-A trial did not meet primary endpoint of disease-free survival in patients with stages II-IIIA and IIIB completely resected non-small cell lung cancer1 Findings will be presented at an upcoming medical meeting Novartis remains committed to pursuing new therapeutic options that can have a meaningful impact on the lives of people with lung cancer Basel, August 15, 2022 — Novartis announced today that the Phase III CANOPY-A study evaluating adjuvant treatment with canakinumab (ACZ885), an inhibitor of interleukin-1beta (IL-1β), in adult patients with stages II-IIIA and IIIB (T>5cm N2) completely resected (R0) non-small cell lung cancer (NSCLC) did not meet its primary endpoint of disease-free survival (DFS) versus placebo1. No unexpected safety signals were observed.1 Findings from the trial will be presented at an upcoming medical meeting. “We made an investment in the CANOPY program based on signals of reduced lung cancer incidence and mortality observed in the CANTOS s

DNO Shares Traded Ex-Dividend15.8.2022 07:00:00 CEST | Press release

Oslo, 15 August 2022 – DNO ASA, the Norwegian oil and gas operator, today announced that the Company’s shares will be traded ex-dividend effective 15 August 2022. A dividend payment of NOK 0.25 per share will be made on or about 23 August 2022 to all shareholders of record as of 16 August 2022. – For further information, please contact: Media: Investors: – DNO ASA is a Norwegian oil and gas operator focused on the Middle East and the North Sea. Founded in 1971 and listed on the Oslo Stock Exchange, the Company holds stakes in onshore and offshore licenses at various stages of exploration, development and production in the Kurdistan region of Iraq, Norway, the United Kingdom, Netherlands and Yemen. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and section of Euronext Oslo Rulebook II.

Roche launches new diagnostic test for the better understanding of immune response to SARS-CoV-215.8.2022 07:00:00 CEST | Press release

Elecsys IGRA SARS-CoV-2 testsupports the better understanding of immune response to SARS-CoV-2 infection or vaccinationThe test detects T-cell response, which may play an important role in determining if immune protection has been achievedThenew diagnostic test may provide clinical care guidance, particularly for immunocompromised and high-risk patient groups Basel, 15 August 2022 - Roche (SIX: RO, ROG; OTCQX: RHHBY) today announced the launch of the Elecsys® IGRA SARS-CoV-2 test in countries that accept the CE Mark1. The Elecsys IGRA SARS-CoV-2 test supports the better understanding of immune response to SARS-CoV-2 infection and vaccination. The test will be an additional tool to make better-informed decisions around care, sanitary measures and treatment options. This will be particularly important for at-risk patient groups. With the transition from a pandemic to an endemic state of COVID-19, there is an increasing need to better understand the adaptive response of the human immune s

Some 350 World Leaders From 157 Nations With Diplomatic Relations With North or South Korea Attended the August 11-15, Conference14.8.2022 17:11:38 CEST | Press release

International Leadership Summit Addresses Korean Reconciliation, Religious Freedom, and New Peace Alliances in Africa and the World Washington, DC, Aug. 14, 2022 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE UPF International Leadership Summit Addresses Korean Reconciliation, Religious Freedom, and New Peace Alliances in Africa and the World Condolences Expressed for late Prime Minister Shinzo Abe International leaders at the Universal Peace Federation’s (UPF) Summit 2022 and Leadership Conference affirmed their support for global peacebuilding, especially on the Korean Peninsula. Sessions addressed the universal right to religious freedom and called for more education of youth in Africa. Some 350 world leaders from the 157 nations with diplomatic relations with either North or South Korea attended the August 11-15, 2022, conference, either in person or virtually, at Jamsil Lotte Hotel in Seoul, to discuss “Toward Peace on the Korean Peninsula: Toward a World Culture of Peace.” In his welc