WHAT a mess, Axiata Celcom has found it self in, and it has only itself to blame for it.
The Kalimullah arbitration/ law suit for Tune Money, not to be part of the Axiata Celcom-Digi merger could well turn Celcom"s golden goose into its worst nightmare.
They say bad guys wear black
We're tagged and can't turn back
You see us comin'
And you all together run for cover
We're taking over this town
Here we come reach for your gun
And you better listen well, my friend, you see
It's been slowed down below
Aimed at you, we're the cowboys from hell
Deed is done again, we've won.
We're tagged and can't turn back
You see us comin'
And you all together run for cover
We're taking over this town
Here we come reach for your gun
And you better listen well, my friend, you see
It's been slowed down below
Aimed at you, we're the cowboys from hell
Deed is done again, we've won.
OBVIOUSLY, the Axiata Celcom folks must have been having a great time derailing Digital Nasional Bhd, and kissing up to U Mobile, that they forgot, if things don't go well with the merger with Digi , Axiata Celcom can end up in the poor house for good.
CONSIDER the following ;
1) How come during the first announced but latter failed Celcom -Digi planned merger, the Tune Talk shareholders didn't file in a similar suit ? It could well be because, Tune Talk is entirely depended on Celcom's network .
2,) What has changed, Tune Talk is still reliant on Celcom Network? Yes, they are but with Digital Nasional Bhd in the picture, Tune Talk won't be needing Celcom that much going forward, because everyone will share the same network..
3) Supposing the Axiata Celcom /DIGi merger fails again, and supposing Axiata Celcom is stupid enough not to jump 100 per cent into Digital Nasional Bhd's arms, and supposing Tune Talk buys the shares Celcom and Digi should have bought in Digital Nasional Bhd.
Then, in a couple of years time, TUNE TALK will end up being bigger than Axiata Celcom.
WHICH is why not a single soul from the current board or tier 1 management team, should be considered as a candidate to replace Izzaddin Idris as president and group CEO.
ALL these lack of strategy from Axiata Celcom , gets harder to swallow because as it is, the firm's less than RM4 million cash investment in Tune Talk more than a decade ago, rakes in anywhere between RM250 million to RM400 million a year in pure cash for AXIATA Celcom.
