Live Breaking News & Updates on Cornerstone Telecommunications Infrastructure Ltd|Page 4

EDOTCO Group Sdn Bhd the infrastructure arm of Axiata Group Bhd could welcome two more shareholders over the next three to six months, as the group scales up its war chest for further acquisitions so that it will be able to more than double its size in preparation for an IPO that could take place within three years.
“We are not ruling out an IPO. It will be three to five years from now, but it is a lot easier to do some of the things we want without being public-listed,” says Axiata president and group CEO Tan Sri Jamaludin Ibrahim, adding that the incoming funds from the placement “would help bridge [edotco] to the point of IPO”. ....

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