Malaysia: Axiata says eyeing acquisitions, mulling IPO for tower unit

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Axiata’s telco tower infrastructure business is managed by its subsidiary edotco Group, which operates a portfolio of 27,000 towers across Malaysia, Sri Lanka, Bangladesh, Cambodia, Pakistan and Myanmar.

Singtel acquires remaining 2% stake in US cybersecurity firm Trustwave

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Singtel had, in September 2015, acquired 98 per cent equity in Trustwave for $770 million.


Malaysia: Maybank unit completes acquisitions; Naza to set up 1,000 telecom towers

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Maybank Asset Management Group Bhd has announced that it has completed the acquisition of both the fund management firms of Permodalan Nasional Bhd.


TPG said to pursue deal to create Myanmar’s biggest tower owner

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TPG-backed Apollo Towers Myanmar is seeking to merge with rival Pan Asia Majestic Eagle.


Bharti Airtel plans Africa unit IPO in bid to pare $4.6b debt

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India’s top wireless operator plans to raise as much as $1.5 billion by listing a quarter of equity in its Africa unit by early 2019 in either London or South Africa.


Bharti tower unit to merge with Indus creating $14.6b telecom behemoth

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The merger with Bharti Infratel Ltd. creates an entity controlling more than 163,000 towers across India.


India: Aditya Birla Group in talks with PE firms to raise $1b for Idea Cellular

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The stake sale transaction is being structured in this way to maintain the total shareholding of the promoter entities in Idea Cellular at the current level.


Telkom Kenya mulls merger with Airtel unit to take on Safaricom

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The two operators have a combined 23% of Kenya’s 41m subscribers, but have struggled to compete with Safaricom, which has 71.9% share.


Indonesia’s billionaire Hartono brothers chase tower assets as internet users swell

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Internet users in Indonesia will rise to 70% of the population by 2019 from 55% in 2017.


ATC completes $585m-acquisition of telecom towers from Vodafone India

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Vodafone India and Idea Cellular had in November 2017 separately agreed to sell their respective stand-alone tower businesses in India.