Subsidiary holdings
On their website in 2019, it was announced that Axiata had approximately 150 million subscribers across Asia and Group revenue of MYR25.3 billion (US$5.77 billion) in 2018.[8] It was also reported that the company employed 12,000 people throughout eleven countries.[6]
Axiata's mobile subsidiaries and associates operate under the brand name CelcomDigi in Malaysia, XLSmart in Indonesia, Dialog in Sri Lanka, Robi in Bangladesh, and Smart in Cambodia. The company formerly operated under the brand name Ncell in Nepal (acquisition from TeliaSonera completed on 12 April 2016),[9] M1 in Singapore, and Idea in India.
On 4 January 2018, Bloomberg reported that Axiata was planning a domestic IPO of its tower subsidiary EDOTCO Group.[10] The IPO was expected to raise as much as $500 million.[10]
On 15 February 2019, Axiata sold off its entire shares in 'M1' to Konnectivity Pte. Ltd. for RM1.65 billion, citing the need for capital reallocation and new priorities in line with its vision to be the Next Generation Digital Champion by 2022.[11]
On 21 June 2021, Axiata, Telenor and Digi agreed to a potential merger of Celcom and Digi to create a stronger telco in Malaysia, coming after advanced discussions that took place two months earlier. The merger was expected to be completed by the end of 2022.[12][13][14] The deal was approved by both Celcom and Digi shareholders on 18 November 2022. The merged company would be named CelcomDigi. At completion, Axiata and Telenor would hold equal ownership of 33.1% each in the newly merged company. The merger completed on 30 November 2022, and the new company began operations the next day.[15][16][17]
On 1 December 2023, the United Kingdom-based Spectrlite UK Limited acquired 100 percent ownership of Reynolds Holdings Limited from Axiata UK of Axiata Group Berhad. Reynolds owns an 80 percent equity stake in Ncell, a telecom company in Nepal.[21]
