Axiata acquires 12.5% additional stake in edotco Myanmar via local subsidiary

Axiata acquires 12.5% additional stake in edotco Myanmar via local subsidiary

A security officer guards in front of the Axiata headquarters building in Kuala Lumpur May 28, 2014. REUTERS/Samsul Said

Malaysia’s edotco Group, a fully owned subsidiary of telecom company Axiata, has bought an additional 12.5 per cent stake in edotco Myanmar for $35 million. Post completion of the transaction, Axiata’s total stake in edotco will increase to 87.5 per cent.

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