By Ka Kay Lum
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 had, in September 2015, acquired 98 per cent equity in Trustwave for $770 million.
Maybank Asset Management Group Bhd has announced that it has completed the acquisition of both the fund management firms of Permodalan Nasional Bhd.
TPG-backed Apollo Towers Myanmar is seeking to merge with rival Pan Asia Majestic Eagle.
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.
The merger with Bharti Infratel Ltd. creates an entity controlling more than 163,000 towers across India.
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.
The two operators have a combined 23% of Kenya’s 41m subscribers, but have struggled to compete with Safaricom, which has 71.9% share.
Internet users in Indonesia will rise to 70% of the population by 2019 from 55% in 2017.
Vodafone India and Idea Cellular had in November 2017 separately agreed to sell their respective stand-alone tower businesses in India.