Axiata Group and Telekom Malaysia, the country's two biggest telcos, have issued statements denying they are to merge. The Malaysian government has said it will not allow a merger of any telecom company that does business in Malaysia. Malaysia’s two telco giants, Axiata Group Bhd and Telekom Malaysia Bhd (TM) have quashed rumours that both companies are en route to a merger. Local media quoted sources who said a merger between the two firms was set to take place.
Axiata Group and Telekom Malaysia, the country's two biggest telcos, have issued statements denying they are to merge. The Malaysian government has said it will not allow a merger of any telecom company that does business in Malaysia. Local media quoted sources who said a merger between the two firms was set to take place.