Axiata net profit jumps to RM9.77b

KUALA LUMPUR: Axiata Group Bhd’s net profit soared to RM9.77 billion in the financial year ended Dec 31, 2022 (FY2022) from RM818.90 million in the preceding year, driven by improvement in earnings before interest, taxes, depreciation and amortisation (EBITDA) and one-off net gain from the Celcom-Digi merger. Total revenue rose to RM21.73 billion from RM19.99 […]

Axiata, Telenor ink agreements for Celcom-Digi merger

KUALA LUMPUR: Axiata Group Bhd, Telenor Asia Pte Ltd and Digi.Com Bhd (Digi) had signed agreements for the merger of Celcom Axiata Bhd (Celcom) and Digi, referred to as MergeCo. In a joint statement today, the parties said the signing of the agreement signified a confirmation of their intent to establish a commercially stronger and […]