Skadden has advised Malaysian telecommunications conglomerate Axiata Group on the $15 billion merger of its mobile subsidiary Axiata with rival Digi.com, which was represented by Ashurst. Allen & Overy advised Digi’s parent company, Norway’s Telenor.
Following this deal, the new venture – named Celom Digi Berhad – will become Malaysia's largest telecommunications company.
According to Reuters, the union of the country's second and third largest mobile services providers will create a company estimated to have annual revenue of $3 billion, with core profitability of $1.4 billion from a subscriber base of about 19 million.
The Skadden team was led by partners Jonathan Stone, Rajeev Duggal, Danny Tricot, John Adebiyi, Alex Jupp, Andrew Foster, Rory McAlpine, Steve Kwok, and Bruce Goldner.
Meanwhile, partners Chin Yeoh, Ronnie King, Tom Connor and Myfanwy Wood led the Ashurst team.
The team from Allen & Overy was led by partners James Mythen and Michael Reede.
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