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Axiata unit to dispose of Myanmar interests for US$150mil

KUALA LUMPUR: Axiata Group Bhd has announced a proposal to divest of its stake in EDOTCO Myanmar Limited for US$150mil cash (RM713.03mil), as it makes its exit from the Myanmar market.

Kuala lumpurAxiata group bhdInvestments labuan ltdInvestments singapore pte ltdGroup sdn bhdAxiata groupBursa malaysiaSingapore pte ltdSdn bhdProposed divestment

Axiata Group: Malaysian telco Axiata to sell Myanmar telco tower business for $150 mln, ET Telecom

Axiata Group: Axiata s Edotco Group entered Myanmar in 2015 by taking a controlling stake in the Myanmar tower company in a deal which gave it an enterprise value of $221 million, based on a statement by Axiata at the time.

Yantoultra nguiKhazanah nasionalInvestments labuan ltdEdotco investments singapore pte ltdEdotco groupAxiata groupAxiata edotco groupEdotco myanmar ltdKuala lumpur headquarteredEdotco groupAlaysian telco conglomerate

Axiata to sell Myanmar tower assets below cost

Axiata Group Bhd is selling its Myanmar telecommunication tower business below its original cost of investment as it scouts for ways to slash its massive borrowings of almost RM25bil.

Malaysia generalKhazanah nasional bhdAxiata group bhdEdotco group sdn bhdEdotco investments singapore pte ltdProvident fundDigicel asia holdingsInvestments labuan ltdEdotco myanmar ltdAxiata groupEmployees provident fundEdotco myanmarCorporate news

BERNAMA - AXIATA UNIT DISPOSES OF EDOTCO MYANMAR STAKE FOR RM713 03 MLN, EXITS MYANMAR

BERNAMA - AXIATA UNIT DISPOSES OF EDOTCO MYANMAR STAKE FOR RM713 03 MLN, EXITS MYANMAR
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Kuala lumpurInvestments labuan ltdBernama axiata group bhdEdotco investments singapore pte ltdEdotco group sdn bhdMyanmar ltdGroup bhdBursa malaysia

OCBC Malaysia lead arranged edotco s US$700mil loan syndication

KUALA LUMPUR: edotco Group, via its subsidiary edotco Investments (Labuan) Ltd, has completed a syndicated term facility of up to US$700mil.

Kuala lumpurMohamed adlan ahmad tajudinPldt incBank ltdBank malaysia bhdInvestments labuan ltdBank ltd labuan branchLtd labuan branchMandated lead arrangersAdlan ahmad tajudinTan ai chin