“We believe Digi will remain committed to paying out 100% of its net profits as dividends," says UOB Kay Hian Malaysia Research.
KUALA LUMPUR: UOB Kay Hian Malaysia Research expects the merger between Celcom and Digi to realise annual cost savings of RM500mil when it crystalises.
In its research note on Friday, it said a total of RM15bil to RM20bil of synergies were earmarked in the 2018 proposed Telenor Asia-Axiata merger, however the earlier merger did not go through. From that RM15bil to RM20bil amount, 50% would come off synergies from Malaysia (Celcom-Digi).
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