CelcomDigi

CelcomDigi is a Malaysian communications conglomerate and mobile telecommunications operator created through the merger of Celcom and Digi. The transaction brought together two established Malaysian mobile businesses associated with Axiata Group Berhad and Telenor ASA, with the stated objective of creating a stronger and more competitive telecommunications company in Malaysia. Axiata and Telenor agreed to pursue the merger in June 2021 after earlier discussions, and shareholders of both Celcom and Digi approved the transaction on 18 November 2022. The merger was completed on 30 November 2022, and the combined company began operating on 1 December 2022. Digi.Com Berhad subsequently changed its corporate name to CelcomDigi Berhad on 27 February 2023. The merged company operates as a nationwide communications provider serving consumers, businesses and other organizations in Malaysia. Its principal services include prepaid and postpaid mobile voice, SMS, mobile data, international roaming, international calling and related wireless services. CelcomDigi also participates in broadband and fixed-line activities through the businesses inherited from Celcom and Digi, and it offers fiber connectivity. Its network portfolio includes 2G EDGE, 4G LTE and 4G LTE-Advanced services. The company also provides access to 5G services through the national 5G network operated by Digital Nasional Berhad. CelcomDigi was the second Malaysian operator to launch Voice over LTE, initially supporting compatible iPhones running iOS 10.1 or later. CelcomDigi is positioned as a mass-market, full-service connectivity provider. Its scale enables it to address different usage patterns through prepaid plans, postpaid plans, mobile broadband, fiber services, roaming and enterprise connectivity. The brand combines the consumer recognition of Celcom and Digi while the corporate organization seeks to integrate their networks, operations, product portfolios and customer systems. The merger also created regulatory obligations, including the return of a combined 70 MHz of spectrum to the Malaysian Communications and Multimedia Commission over a three-year period. The spectrum involved frequencies in the 1800 MHz, 2100 MHz and 2600 MHz bands. The company reported a mobile subscriber base of 20.06 million in the second quarter of 2024, comprising 12.94 million prepaid and 7.12 million postpaid subscribers. Its fiber subscriber base was reported at 163,000. During the first and second quarters of 2024, reported 4G LTE population coverage in populated areas reached 97%, while 4G LTE-Advanced coverage reached 92% nationwide. These figures place CelcomDigi among Malaysia's largest telecommunications businesses by subscriber scale. The company remains active in Malaysia and is publicly traded on Bursa Malaysia under the infrastructure category.

CelcomDigi emerged from the consolidation of two major Malaysian mobile operators, Celcom and Digi. The combination reflected a broader effort by the companies' principal shareholders, Axiata Group Berhad and Telenor ASA, to create a larger and more resilient telecommunications business in Malaysia. The parties reached agreement to pursue the transaction on 21 June 2021, following advanced discussions that had taken place earlier in the year. The proposed merger required shareholder and regulatory processes before completion. Shareholders of Celcom and Digi approved the transaction on 18 November 2022. Completion took place on 30 November 2022, and the merged business began operating under the CelcomDigi name on 1 December 2022. At completion, Axiata and Telenor each held 33.1% of the combined company. Digi.Com Berhad later adopted the name CelcomDigi Berhad on 27 February 2023. CelcomDigi is listed on Bursa Malaysia under the ticker CDB. The new company inherited the mobile, broadband and fixed-line activities associated with both legacy operators. Its services cover prepaid and postpaid mobile communications, voice, SMS, data, roaming, international calling and WAP-related services. It also offers fiber and other connectivity services. Its network estate includes legacy 2G EDGE, 4G LTE and 4G LTE-Advanced technologies, while 5G access is provided through the national infrastructure operated by Digital Nasional Berhad. CelcomDigi was the second operator in Malaysia to introduce VoLTE, initially making the service available to supported iPhones using iOS 10.1 or newer. The merger brought both scale and integration responsibilities. Under merger conditions, Celcom and Digi agreed to return a total of 70 MHz of spectrum to the Malaysian Communications and Multimedia Commission over three years. The spectrum consisted of 10 MHz in the 1800 MHz band, 20 MHz in the 2100 MHz band and 40 MHz in the 2600 MHz band, with the first portion due within two years of completion. The company has continued to develop its network while integrating the two legacy businesses. By the second quarter of 2024, CelcomDigi reported 20.06 million mobile subscribers, including 12.94 million prepaid customers and 7.12 million postpaid customers. Its fiber base had reached 163,000 subscribers. Reported coverage during the first and second quarters of 2024 was 97% for 4G LTE in populated areas and 92% for 4G LTE-Advanced nationwide. These operating figures illustrate the scale of the combined business and its role as one of Malaysia's principal communications providers.

1. 2024Reported subscriber and network scale

   In the second quarter, the company reported 20.06 million mobile subscribers and 163,000 fiber subscribers; reported 4G LTE coverage in populated areas was 97%.

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2. 2023Corporate name changed to CelcomDigi Berhad

   Digi.Com Berhad formally adopted the CelcomDigi Berhad name.

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3. 2022Shareholders approve the merger

   Celcom and Digi shareholders approved the transaction on 18 November.

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4. 2022CelcomDigi merger completed

   The merger completed on 30 November, and the combined business began operations on 1 December.

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5. 2021Merger proposal announced

   Axiata and Telenor agreed to pursue the merger of Celcom and Digi in Malaysia.

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A large-scale Malaysian connectivity provider combining mobile, broadband, fiber and business telecommunications services across prepaid, postpaid and enterprise segments.

• Prepaid mobile servicesMobile telecommunications

  Prepaid offerings provide mobile voice, SMS and data access without a long-term postpaid commitment. They serve customers seeking flexible usage and include access to CelcomDigi's mobile network portfolio.

• Postpaid mobile servicesMobile telecommunications

  Postpaid plans package recurring mobile voice, messaging and data services for customers who pay periodically. The portfolio forms one of the company's principal consumer businesses.

• Mobile data and broadbandMobile data

  CelcomDigi provides mobile internet and broadband connectivity over 4G LTE, 4G LTE-Advanced and 5G access through Digital Nasional Berhad's national 5G network.

• Fiber broadbandFixed broadband

  Fiber services extend the company's connectivity portfolio beyond mobile networks, serving residential and other customers requiring fixed high-speed internet access.

• Roaming and international callingInternational telecommunications

  The company provides international roaming and international calling services for customers using mobile communications while traveling or contacting overseas destinations.

• 2022Return spectrum under merger conditionsStrategy

  The merger was subject to conditions administered by the Malaysian Communications and Multimedia Commission.

  What changed. Celcom and Digi agreed to return 70 MHz of spectrum over three years, covering the 1800 MHz, 2100 MHz and 2600 MHz bands.

  Aftermath. The combined operator continued network integration and expansion while meeting the spectrum-return timetable.

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• 2021Pursue the Celcom–Digi mergerM&A

  Axiata and Telenor sought to combine their Malaysian telecommunications businesses into a larger operator.

  What changed. The parties agreed to pursue the transaction, which later received shareholder approval and completed in November 2022.

  Aftermath. The combined company began operating as CelcomDigi and became Malaysia's largest wireless carrier by reported subscriber scale.

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• 2023Digi.Com Berhad adopts CelcomDigi Berhad name

  The legal entity formerly known as Digi.Com Berhad changed its corporate name to CelcomDigi Berhad.

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• 2022Celcom and Digi shareholders approve merger

  Shareholders of both companies approved the proposed combination on 18 November 2022.

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• 2022CelcomDigi begins operations after merger completion

  The merger was completed on 30 November 2022, with the combined company beginning operations on 1 December 2022.

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• 2021Axiata and Telenor agree to pursue Celcom–Digi merger

  Axiata and Telenor announced an agreement to pursue a merger between their Malaysian telecommunications businesses, Celcom and Digi.

  M&A
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1. CelcomDigi