Axiata Ltd News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Axiata ltd. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Axiata Ltd Today - Breaking & Trending Today
Telecommunications giant Axiata Group Bhd has announced it will be exiting the Myanmar market after posting a net loss of RM1.99bil for the financial year ended Dec 31, 2023 (FY23) on a turnover of RM22bil, compared to a net profit of RM9.75bil the year before. ....
Private investment in data centres is on the rise in Bangladesh to serve the growing demand for storing, processing and managing digital data generated thanks to the boom in internet use and digitalisation of services. ....
Image source: Robi Axiata Ltd Robi Axiata Ltd., the Bangladesh unit of Malaysia’s biggest telecommunication company by revenue, surged on debut after local investors sought 5.7 times more shares than on offer at the initial public offering. The shares rose 50% to 15 taka at 10:12 a.m. according to data on the Dhaka Stock Exchange’s website. Robi, a venture between Malaysia’s Axiata Group Bhd. and India’s Bharti Airtel Ltd., raised 5.24 billion taka ($62 million) in the initial share sale. The company sold about 524 million or 10% of the firm. The biggest Bangladeshi IPO in a decade led to a rush for the shares locally, with investors joining a frenzy for initial share sales across the world. Over 70 foreign companies went public in the US this year, raising more than $21 billion the most since 2014, while in neighboring India, shares of companies such as Burger King India Ltd. have more than doubled on debut. ....
Biggest Bangladeshi IPO in a Decade Surges 50% on Debut in Dhaka Arun Devnath, Bloomberg News Motorcyclists sit in traffic in Dhaka, Bangladesh, on Tuesday, Dec. 10, 2019. Bangladesh estimated 8.15% GDP growth for the year that ended June 30. Photographer: Ismail Ferdous/Bloomberg , Bloomberg (Bloomberg) Robi Axiata Ltd., the Bangladesh unit of Malaysiaâs biggest telecommunication company by revenue, surged on debut after local investors sought 5.7 times more shares than on offer at the initial public offering. The shares rose 50% to 15 taka at 10:12 a.m. according to data on the Dhaka Stock Exchangeâs website. Robi, a venture between Malaysiaâs Axiata Group Bhd. and Indiaâs Bharti Airtel Ltd., raised 5.24 billion taka ($62 million) in the initial share sale. The company sold about 524 million or 10% of the firm. ....