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    AXIATA   MYL6888OO001

AXIATA GROUP BERHAD

(AXIATA)
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Axiata says Malaysian merger with Telenor to be sealed within days

06/15/2021 | 04:47am EDT

KUALA LUMPUR, June 15 (Reuters) - Malaysian telecoms firm Axiata Group Bhd and Norway's Telenor ASA will seal a deal to merge their Malaysian mobile operations within days, Axiata's CEO said on Tuesday.

Both companies have concluded the due diligence process and are hopeful to sign the agreement soon, Izzaddin Idris told a virtual briefing with reporters. "The signing is a matter of days or a week," he added.

Idris said shareholders were upbeat about the proposed merger of Malaysia's second and third-largest mobile services providers, which Axiata had said will help restore long-term growth and profitability to the industry there.

Axiata and Telenor announced in April they were in advanced talks to combine Celcom Axiata Bhd and Telenor's DiGi.Com Bhd , to create the top player in Malaysia's highly competitive sector. The two companies will each own about 33.1% of the merged entity, Celcom Digi Berhad.

Idris added that the merger could be completed in nine to 12 months, depending on regulatory approvals. (Reporting by Liz Lee; Editing by Louise Heavens and Pravin Char)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AXIATA GROUP BERHAD -0.27% 3.72 End-of-day quote.-0.53%
DIGI.COM BERHAD -0.48% 4.19 End-of-day quote.1.21%
TELENOR ASA 0.06% 155.05 Real-time Quote.6.20%
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More news
Financials
Sales 2021 24 866 M 5 892 M 5 892 M
Net income 2021 1 008 M 239 M 239 M
Net Debt 2021 17 307 M 4 101 M 4 101 M
P/E ratio 2021 32,9x
Yield 2021 2,46%
Capitalization 34 122 M 8 075 M 8 086 M
EV / Sales 2021 2,07x
EV / Sales 2022 1,93x
Nbr of Employees 12 976
Free-Float 63,5%
Chart AXIATA GROUP BERHAD
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Axiata Group Berhad Technical Analysis Chart | AXIATA | MYL6888OO001 | MarketScreener
Technical analysis trends AXIATA GROUP BERHAD
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 20
Last Close Price 3,72 MYR
Average target price 4,34 MYR
Spread / Average Target 16,6%
EPS Revisions
Managers and Directors
Mohammad Izzaddin bin Idris President, Group CEO, MD & Executive Director
Vivek Sood Group Chief Financial Officer
Ghazzali Abdul Khalid Non-Executive Chairman
Amandeep Singh Group Chief Technology Officer
Nirmal Anthony Rodrigo Group Chief Information Officer
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