KUALA LUMPUR: The proposed merger between Axiata Group Bhd and Telenor ASA will see the creation of more jobs and opportunities. He stressed that the planned merger will not result in any retrenchment and neither will the success of the merger rely on the reduction of jobs. Digi’s parent company is Telenor Group and Celcom’s parent company, Axiata. MergedCo, MalaysiaCo and TowerCo will also be listed separately in Malaysia within five years. Meanwhile, despite Telenor having the majority stake in MergedCo, the concept of merger of equals is fundamental to the proposed merger.

Source: The Star May 27, 2019 00:33 UTC