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Axiata seeks buyers for overseas units - report
2016-09-14 09:00:00| Telecompaper Headlines
(Telecompaper) Malaysia's Axiata Group plans to reduce states in some of its overseas operations. With these planned asset sales, Axiata Group could raise up to USD 700 million, Bloomberg reports, citing unnamed people familiar with the matter. According to the same source, Axiata is currently seeking a buyer for its 11 percent stake in Indonesian unit XL Axiata, which has a market value of USD 2.2 billion. The Group also wants to sell a 30 percent stake in Sri Lanka unit Dialog Axiata and Cambodian subsidiary Smart Axiata, the sources added.
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Category:Telecommunications