Telenor will buy DiGi.com Bhd soon?

There is some news about Telenor from Norway will increase its stakes in local telecommunication firm DiGi.com Bhd. The move  resulting DiGi.com Bhd changes of ownership to Telenor. Telenor which is currently owns 49 percent  of DiGi.com Bhd.

If the move to increase Telenor stake in DiGi.Com Bhd is materialized, then DiGi.com Bhd is no longer a Malaysian company.

As a DiGi user, I'm pretty concern about this. Hopefully everything going to be fine or even better after this.

Telenor Talks with Malaysia´s Government about Ownership of DiGi.com
By ScandAsia.com
Norway's Telenor ASA is in talks with Malaysia's government about raising its stake in local telecommunications firm DiGi.Com Bhd , Telenor's Asia chief said in an interview with the Business Times newspaper published on November 11 2011.

Telenor used to own 61 percent of DiGi but sold a 10.2 percent stake to Time DotCom Bhd in 2007 for 1.61 billion ringgit ($510.9 million), to comply with the government's foreign shareholding rule. Telenor now owns 49 percent of DiGi.

"In all the meetings with the government, we are asking: When will the telecommunications industry be liberalised or when will they take up the threshold for foreign ownership?" Telenor Asia chief executive officer Sigve Brekke said in the interview.

"We always urged the government to reconsider the ceiling for foreign ownership, and if that ever happens, we would then be considering if we should increase our stake," said Brekke.
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