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Maxis Bhd is a telecommunications provider. Its primary services include mobile, wireless, fixed, and enterprise services, with the majority of revenue generated from mobile and wireless. The company generates mobile revenue from prepaid and postpaid subscribers, with roughly an even split between both. Within enterprise services, Maxis provides traditional managed services in addition to mobile and fixed services. Additionally, the company owns fiber backhaul infrastructure.

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Axiata, Telenor Partner To Merge Malaysian Operations In $12.1B Deal: Report

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<ul>
	<li>Axiata Group Bhd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/AXXTF#OTC">AXXTF</a>) and&nbsp;Telenor ASA&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/TELNF#OTC">TELNF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TELNY#OTC">TELNY</a>) collaborated to combine their Malaysian mobile operations,&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2021-06-21/axiata-telenor-said-to-ink-11-billion-deal-for-malaysia-tie-up?srnd=technology-vp&amp;sref=TBDibEcD" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Bloomberg reports</a>.</li>
	<li>The deal is valued at $15 billion,&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/business/media-telecom/axiata-telenor-sign-deal-merge-malaysian-telecoms-units-2021-06-21/" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Reuters reports</a>.</li>
	<li>In April, the companies announced advanced discussions to merge Celcom and Digi.</li>
	<li>Axiata will transfer its stake in Celcom Axiata Bhd. to&nbsp;Digi.com Bhd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/DIGBF#OTC">DIGBF</a>) for 17.8 billion ringgits for shares and 1.7 billion ringgits in cash from Digi, and 300 million ringgits from Telenor. The merged entity will have a &ldquo;pre-synergy equity value&rdquo; of 50 billion ringgits ($12.1 billion).</li>
	<li>Axiata and Telenor will have equal ownership of 33.1% each in the entity known as Celcom Digi Bhd. The entity will have an estimated subscriber base of 19 million, revenue of $3 billion, and profit of $1.4 billion. The arrangement is estimated to lead to cost and Capex synergies of 2 billion ringgits on a net present value basis.</li>
	<li>Celcom Digi&rsquo;s main competitor will be Maxis Bhd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MAXSF#OTC">MAXSF</a>).</li>
	<li>The transaction is estimated to complete by Q2 of 2022.</li>
	<li>Celcom Digi will also dedicate 250 million ringgits over five years to build an innovation center in the capital city of Kuala Lumpur.</li>
	<li>Price action:&nbsp;TELNY shares closed lower by 1.95% at $16.68 on Friday.</li>
</ul>

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Monday, June 21, 2021

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