Axiata Group and Telekom Malaysia , the country 's two biggest telcos , have issued statements denying they are to merge . In a separate statement, TM also “confirms that it is not currently in discussion with Axiata as purported in the article.” " Axiata wishes to specifically deny that it is currently engaged in any discussions with TM on a possible merger " , it said in a regulatory statement , while in a separate announcement , Telekom Malaysia " confirms that it is not currently in discussion with Axiata as stated in the article " . Local media quoted officials 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 . " Axiata wishes to specifically deny that it is currently engaged in any discussions with TM on a possible merger " , it said in a regulatory statement , while in a separate announcement , Telekom Malaysia " confirms that it is not currently in discussion with Axiata as stated in the article " . Local media quoted officials who said a merger between the two firms was set to take place .