The Malaysian Communications and Multimedia Commission (MCMC) issued a notice of no objection to the merger of Digi and Celcom over a year after the rumour surfaced.
This means that Digi and Celcom, who are the second and third largest mobile providers in Malaysia respectively, could form the new top player in the industry.
In its statement, the MCMC says that it has considered the commitment offered by the two telcos and is satisfied that they will reduce the competitive issues that will or may arise as a result of the merger.
The merger was a concern because it will not only create a new larger competitor in the telco market but also decrease the number of large telcos in Malaysia from four to three, thus reducing competition.
The announcement came just a day before the deadline for telcos to take up their equity stake and sign the agreement with DNB for the fate of the country’s 5G rollout.