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 .
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 filing, while in a separate announcement, Telekom Malaysia "confirms that it is not currently in discussion with Axiata as purported in the article". Local media quoted sources who said a merger between the two firms was set to take place.