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AXIATA Group Bhd’s 63%-owned subsidiary edotco Group Sdn Bhd is understood to be in talks with PLDT Inc of the Philippines to acquire a portion of the latter’s telecommunication tower business, sources familiar with the matter tell The Edge. While the details are scarce, sources say the acquisition could be a substantial one with edotco eyeing about 3,000 of PLDT’s 6,000 telecom towers that are up for sale.
The Malaysian Communications and Multimedia Commission (MCMC) has raised preliminary concerns about market competition that could arise from the proposed merger of the telco operations of Celcom Axiata Bhd and Digi.Com Bhd, and asked the two parties to submit comments, information and remedies on its assessment.
Trading of the securities in Axiata Group Bhd and Digi.Com Bhd has been suspended pending the release of an expected material announcement. This comes after Axiata and Digi.Com both requested a suspension of trading of their securities with immediate effect from 9am on Friday (April 1), according to the respective bourse filings.
Malaysia plans to make a final decision on its 5G network this week, according to the communications minister Annuar Musa.
Transactions — PE-VC deals, M&As, and IPOs — this year were 2.3 times the $84b recorded last year, according to Duff & Phelps.