Axiata Group Bhd is selling its Myanmar telecommunication tower business below its original cost of investment as it scouts for ways to slash its massive borrowings of almost RM25bil.

KUALA LUMPUR, Feb 25 (Reuters) - Malaysian telecoms firm Axiata Group AXIA.KL said on Thursday it has shelved plans to sell a stake in its telecommunications tower business due to uncertain market ...

Axiata completed an exercise to merge its local mobile unit Celcom Bhd with Digi dotCom Bhd last year. For FY2023, the telco posted a net loss of RM2 billion versus a net profit of RM9.75 billion ...

Axiata said edotco Investments (Labuan) Ltd, a wholly owned subsidiary of its telco tower arm Edotco Group, had agreed to sell its entire 87.5% stake in Edotco Investments Singapore Pte Ltd, the ...

Axiata Group Bhd confirmed it will sell its entire stake in its subsidiary Edotco Myanmar Ltd for $150 million), as the company gears up to exit the telecommunications tower business in Myanmar.

Axiata's Malaysia-based wireless tower group Edotco is considering selling shares in a bid to raise $600 million. The figure could rise to as much as $1bn if existing shareholders, including Axiata, ...

MALAYSIAN telco conglomerate Axiata Group will dispose of its entire holding in Edotco Myanmar for US$150 million, the company said late on Thursday (Apr 4), in a move signalling its exit from the ...

LSH Capital, who recently secured a 20-year lease to manage KL Tower, was reported to have said it would defend the lawsuit. The agreement, effective April 1 to March 31, 2045, ...

KUALA LAMPUR: Malaysian telecommunications group Axiata Group Bhd (AXIA.KL) on Wednesday said it will buy communications towers in Pakistan for $940 million in partnership with local conglomerate ...

A security officer at the Axiata headquarters buiding in Kuala Lumpur May 28, 2014. REUTERS/Samsul Said/File Photo By Liz Lee KUALA LUMPUR: Malaysian telecoms firm Axiata Group Bhd’s (AXIA.KL ...

SINGAPORE, March 10 (Reuters) - Asia-focussed telecoms tower firm Edotco Group, its Malaysian parent Axiata (AXIA.KL), opens new tab and a Japanese backer are in talks with investors for stake ...