Telenor seeks to up DiGi stake

11 Nov 2011

Citing a local newspaper, Reuters reports that Telenor is in talks with the Malaysian government over a plan to raise its stake in DiGi.Com, the parent company of Malaysian cellco Digi Telecommunications. The Norwegian company currently owns 49% of DiGi, the maximum allowed under Malaysia’s foreign shareholding rules. The CEO of Telenor Asia, Sigve Brekke revealed that the company is urging the government to raise the foreign ownership limit.

Malaysia, Digi Telecommunications, Telenor Group