Edotco Malaysian towers share sale could raise US$1 billion
Edotco Group is reportedly working on a deal that could bring in as much as US$1 billion from the sale of shares, more than half of which would help to fund its own growth ambitions.
Edotco Group is reportedly working on a deal that could bring in as much as US$1 billion from the sale of shares, more than half of which would help to fund its own growth ambitions.
Telenor and Axiata Group have received regulatory approval for their proposed merger in Malaysia, which they now expect to complete in the second half of this year.
After months of negotiations, Telenor and Axiata have put pen to paper on their plan to merge their respective Malaysian operations Digi and Celcom.
Telenor and Axiata have shared in-depth details of a plan to merge their Malaysian mobile operations, but it’s important to note that we have been here before.
Operator groups Telenor and Axiata had intended to merge their Asian operations but have now decided it’s just too much hassle.
Malaysian telco Axiata, via its subsidiary Edotco, is buying the tower business of the largest Pakistani operator Jazz.
Asian operator group Axiata has announced the acquisition of a 95 per cent stake Indonesian operator Axis. Axiata’s own Indonesian subsidiary, PT XL Axiata (XL), has entered into a conditional sale and purchase agreement with the subsidiary of Saudi operator group STC.
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