Malaysia-based Axiata Group’s tower unit edotco was reportedly considering the sale of shares to raise US$600 million to support growth plans across the Asia Pacific, reported Bloomberg.
PLDT to offload 6,000 towers to cut debt totaltele.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from totaltele.com Daily Mail and Mail on Sunday newspapers.
Leading Asian regional integrated telecommunications infrastructure services company edotco Group has further boosted its aims to be a major global tower player with the acquisition, through its local subsidiary PT edotco Infrastruktur Indonesia, of approximately 1,000 towers from Indonesian operator XL Axiata.
KUALA LUMPUR: Axiata Group Bhd ended its 2021 financial year ended Dec 31, 2021, with a net profit of RM818.9mil, about 2.25 times net profit of RM365.16mil in the previous year.