Axiata Group, a leading Malaysian telecommunications company, is strategically positioning itself for growth through mergers and acquisitions. In an exclusive interview with Nikkei Asia in Kuala Lumpur, Axiata's CEO Vivek Sood expressed confidence in the company's direction. He emphasized the company's recent bold moves, including mergers, which are beginning to yield positive results.
Axiata Group has been exploring mergers to bolster its growth trajectory. The company's market consolidation strategy has started to pay off, as evidenced by the successful Celcom-Digi merger in Malaysia. Agreed upon with Norway-based Telenor in 2021, this merger represents one of Axiata's significant strategic initiatives in recent years.
In Indonesia, Axiata has been actively pursuing a market consolidation strategy. The company is beginning to see tangible results from these efforts, further reinforcing the CEO's optimism about Axiata's current path. Vivek Sood reiterated that the company's approach to mergers is not just about expansion but also about realizing synergies and efficiencies in both Malaysia and Indonesia.
The Celcom-Digi merger, a landmark agreement with Telenor, has set a precedent for Axiata's strategic direction. This move illustrates Axiata's commitment to leveraging partnerships to enhance its competitive edge within the telecommunications industry. The merger has not only strengthened Axiata's position in Malaysia but also serves as a blueprint for similar ventures in other markets.
Vivek Sood's remarks during the interview highlight Axiata Group's proactive stance in navigating the dynamic telecommunications landscape. By focusing on strategic mergers and consolidations, Axiata aims to optimize its resources and capabilities. The company is committed to achieving sustainable growth while maintaining its leadership position in the industry.