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    AXIATA   MYL6888OO001

AXIATA GROUP

(AXIATA)
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Axiata Group and DiGi.com Shares Surge on News of Potential Celcom-Digi Merger

04/08/2021 | 10:01pm EDT

By Yi Wei Wong

Shares of Malaysian telecom operators Axiata Group Bhd. and DiGi.com Bhd. rallied in early Friday trade on news of a potential merger of Celcom and Digi.

Axiata Group said Thursday that it is in advanced talks with Telenor ASA to merge their Malaysian operations, which could form the largest local mobile operator in terms of subscribers.

Shares of Digi.com rose 10% to MYR4.13, while Axiata Group's shares jumped 7.9% to MYR4.10.

The deal would result in Telenor and Axiata having equal ownership of 33.1% each, and the merged company will be named Celcom Digi Bhd.

The potential merger could lead to healthier market rivalry among peers and is positive for the sector overall, Hong Leong Investment Bank said. Digi.com could be the direct beneficiary from a successful merger, while Axiata Group may not be able to monetize on the merger immediately, the investment bank added.

Write to Yi Wei Wong at yiwei.wong@wsj.com

(END) Dow Jones Newswires

04-08-21 2200ET

Stocks mentioned in the article
ChangeLast1st jan.
AXIATA GROUP -2.39% 3.68 End-of-day quote.-1.60%
DIGI.COM -0.24% 4.19 End-of-day quote.1.21%
DJ INDUSTRIAL 0.28% 34874.81 Delayed Quote.13.63%
TELENOR ASA 0.41% 147.2 Real-time Quote.0.48%
All news about AXIATA GROUP
04/08Axiata Group and DiGi.com Shares Surge on News of Potential Celcom-Digi Merge..
DJ
04/08Shares in digi.com berhad rise as much as 17.3% at open after largest shareho..
RE
04/08Shares in axiata group berhad rise as much as 9.7% at open after announcing a..
RE
04/08Axiata, Telenor in talks to form Malaysia's top mobile operator
RE
04/08Telenor CEO eyes more M&A deals after Malaysia
RE
04/08Telenor has firm commitment to South-East Asia, CFO says
RE
04/08TELENORá : Axiata Plan Mobile Operations Merger in Malaysia
MT
04/08TELENORá : and Axiata in discussions to merge Malaysian operations
AQ
04/08Axiata, Telenor in talks to form Malaysia's top mobile operator
RE
04/07Axiata group and telenor set to announce corporate transaction involving mobi..
RE
More news
Financials
Sales 2020 24 065 M 5 862 M 5 862 M
Net income 2020 797 M 194 M 194 M
Net Debt 2020 17 325 M 4 220 M 4 220 M
P/E ratio 2020 40,6x
Yield 2020 2,16%
Capitalization 33 572 M 8 180 M 8 178 M
EV / Sales 2020 2,11x
EV / Sales 2021 1,98x
Nbr of Employees 12 976
Free-Float 63,3%
Chart AXIATA GROUP
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Axiata Group Technical Analysis Chart | MarketScreener
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Technical analysis trends AXIATA GROUP
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 4,24 MYR
Last Close Price 3,66 MYR
Spread / Highest target 28,4%
Spread / Average Target 15,9%
Spread / Lowest Target 2,73%
EPS Revisions
Managers and Directors
NameTitle
Mohammad Izzaddin bin Idris President, Group CEO, MD & Executive Director
Vivek Sood Group Chief Financial Officer
Ghazzali Abdul Khalid Chairman
Amandeep Singh Group Chief Technology Officer
Nirmal Anthony Rodrigo Group Chief Information Officer
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