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KUALA LUMPUR (Feb 25): Axiata Group Bhd has agreed to partner with a company for its bid for a digital banking licence and will be announcing the details soon. This was revealed by the telco s newly-appointed chief executive officer Datuk Mohd Izzaddin Idris at the group s financial results virtual briefing today. However, he did not reveal the name of the company. “We have narrowed down to just one (company) and hopefully we can announce that shortly in the next couple of weeks. “The deadline of June 30 is not too far away. We hope to announce the partnership, the equity partnership with one partner and at the same time we hope to announce the commercial partnerships with a few other organisations,” he said. ....
KUALA LUMPUR (Feb 25): Based on corporate announcements and news flow today, companies in focus tomorrow (Feb 26) may include: Axiata Group Bhd, Genting Bhd, Genting Malaysia Bhd, UMW Holdings Bhd, Axiata Group Bhd, Malayan Banking Bhd, Public Bank Bhd, Sime Darby Bhd, Sime Darby Property Bhd, Unisem (M) Bhd, Kerjaya Prospek Group Bhd, S P Setia Bhd, MSM Malaysia Holdings Bhd, Matrix Concepts Holdings Bhd, Dutch Lady Milk Industries Bhd, TSH Resources Bhd, Dagang NeXchange Bhd, Malaysia Building Society Bhd, Malaysian Pacific Industries Bhd, IJM Plantations Bhd, PPB Group Bhd, Kenanga Investment Bank Bhd, Malaysian Resources Corp Bhd, Media Chinese International Ltd, Media Prima Bhd, YTL Corp Bhd, Mah Sing Group Bhd, FGV Holdings Bhd and VS Industry Bhd. ....
TAN Sri Jamaludin Ibrahim a known workaholic who is retiring as Axiata Group Bhd’s president and group CEO just two months shy of 13 years at the regional telecommunications operator that he helped name and shape jokes about having more time to watch television series as the time to pass the baton to Datuk Mohd Izzaddin Idris, draws nearer. Incidentally, Jamaludin who spent 10 years as CEO at billionaire Ananda Krishnan’s telecoms operator Maxis Communications Bhd before joining Axiata in 2008 is retiring on the same day as another respected industry veteran, Singapore Telecommunications Ltd group CEO Chua Sock Koong, who has a background in accountancy but spent 31 years at SingTel and 13 in her current position. ....
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”. ....