Celcom Axiata and Digi merger completes

30 November 2022

Axiata Group Berhad, Telenor Asia Pte Ltd, and Digi.com Berhad have announced the completion of the merger of the telco operations of Celcom Axiata Berhad and Digi. With this, Axiata and Telenor will both hold equal ownership in Celcom Digi at 33.1% each.

On completion, Axiata received newly issued Digi shares representing 33.10% of the enlarged share capital of Digi, and a cash consideration of RM2.5 billion funded by Digi and to be assumed by the merged entity. 

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Jio’s acquisition of RITL approved

23 November 2022

India’s National Company Law Tribunal (NCLT) has cleared the proposed acquisition of Reliance Infratel (RITL) by Jio’s infrastructure subsidiary Reliance Property and Projects Management Services.

RITL has around 178,000km of fibre assets across India as well as 43,540 mobile towers. To complete the acquisition, Jio must deposit NR37.2 billion into a State Bank of India (SBI) escrow account.

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Indonesian smartphone shipments in decline

16 November 2022

Indonesian smartphone shipments were affected by rising costs in the third quarter of the year according to IDC, which has predicted ongoing pressure and a decline in full-year numbers.

Low-tier smartphones took the brunt of the hit, with overall shipments down 12.4% to 8.1 million units. 

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Vertiv highlights five data centre trends for 2023

09 November 2022

Data centres will experience increased regulation and third-party oversight in 2023 as the world continues to grapple with the industry’s rising energy and water consumption against the backdrop of ongoing climate change.

The intensified focus on the overall environmental and community impact of the data centre is one of five industry trends for 2023 identified by the global data centre experts at Vertiv.

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