Axiata bets on mergers to seek synergies in Indonesia and Malaysia

Southeast Asian telecom giant aims to accelerate market consolidation

20250219 Axiata Group CEO, Vivek Sood.jpg

Axiata Group CEO, Vivek Sood said he is "confident we are on the right path," in an interview with Nikkei Asia. (Photo by Norman Goh)

NORMAN GOH

February 25, 2025 08:50 JST

KUALA LUMPUR -- Malaysian telecommunications company Axiata Group is looking to mergers to help it grow.

The group's chief executive, Vivek Sood, told Nikkei Asia in an exclusive interview that Axiata is beginning to see a payoff from a series of bold moves, including the Celcom-Digi merger, which agreed with Norway-based Telenor in Malaysia in 2021 and a market consolidation strategy in Indonesia.