KUALA LUMPUR (Nov 18): Digi.Com Bhd shareholders have approved the company’s proposed merger with Celcom Axiata Bhd, the Malaysian cellular arm of Axiata Group Bhd, in its extraordinary general meeting (EGM) held on Friday (Nov 18) afternoon.
This comes after Axiata received its shareholders’ nod on Friday morning for the merger plan.
“Approval by both Digi’s and Axiata’s shareholders is 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% each in the newly-merged company, which is proposed to be named Celcom Digi Bhd,” said Digi in a statement.
Norwegian Telenor Group holds 49% of Digi.