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Axiata Eyes Unit Stake Sales as Debt Swells on Overseas Push

(Bloomberg) Axiata Group Bhd., Malaysia’s biggest wireless carrier by revenue, plans to sell stakes in some of its businesses and list its technology units to reduce debt taken to fund the acquisition of telecom assets overseas.Most Read from BloombergPowell Haunted by Repo Crisis as Fed Aims to Cut Balance SheetMove Over Dubai. This Tiny Emirate Wants to Be the Next Haven for BillionairesJack Ma’s Clash With Beijing Costs Ant, Alibaba $850 BillionChina Slides to Brink of Deflation, Adding St

Myanmar Upheaval Prompts Axiata to Delay Listing Telco Unit

(Bloomberg) Axiata Group Bhd., Malaysia’s largest mobile-phone carrier by market value, has put on hold the planned listing of its telecommunication unit because of the political unrest in Myanmar.

Axiata in Advanced Talks for Stake in CVC-Backed Link Net

Axiata in Advanced Talks for Stake in CVC-Backed Link Net
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Axiata, Telenor Agree to Merge Malaysian Mobile Operations

Axiata, Telenor Agree to Merge Malaysian Mobile Operations Bloomberg 1 hr ago Elffie Chew, Yantoultra Ngui and Manuel Baigorri © Bloomberg Advertisements for Celcom Axiata Bhd., a subsidiary of Axiata Group Bhd., in Kuala Lumpur, Malaysia. (Bloomberg) Axiata Group Bhd. and Norway’s Telenor ASA are in advanced discussions to combine their Malaysian mobile operations, which could create the country’s biggest cellphone operator by subscribers. Popular Searches The parties are working toward finalizing a deal to combine Celcom Networks Bhd. and Digi.com Bhd., according to a joint statement on Thursday. Axiata and Telenor will have an equal ownership of 33.1% each in the merged entity, Celcom Digi Bhd. The announcement confirms an earlier Bloomberg News report.

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