{"id":111540,"date":"2021-04-08T03:29:56","date_gmt":"2021-04-08T03:29:56","guid":{"rendered":"https:\/\/fin2me.com\/?p=111540"},"modified":"2021-04-08T03:29:56","modified_gmt":"2021-04-08T03:29:56","slug":"malaysias-axiata-digi-com-shares-suspend-trading-ahead-of-material-announcement","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/malaysias-axiata-digi-com-shares-suspend-trading-ahead-of-material-announcement\/","title":{"rendered":"Malaysia's Axiata, DiGi.Com shares suspend trading ahead of 'material announcement'"},"content":{"rendered":"
KUALA LUMPUR (Reuters) – Malaysia\u2019s Axiata Group Bhd and DiGi.Com Bhd suspended trading of their shares on Thursday, pending a \u201cmaterial announcement\u201d, both telecommunication companies said in exchange filings.<\/p>\n
Last month, local newspaper The Star reported citing sources that talks have resumed between Telenor ASA, the largest shareholder in DiGi.Com, and Axiata for a merger between their mobile telecoms unit.<\/p>\n
Both parties had explored in May 2019 a potential non-cash combination of their telecom and infrastructure assets in Asia in a new entity, but called off the talks in September.<\/p>\n