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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.
Pickup of revenue across markets from easing of COVID-19 restrictions. Good operational performance from OpCos in 1H22.
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.
KUALA LUMPUR, Feb 22 — Axiata Group Bhd plans to sustain its 2021 strong performance by targeting mid-single digit revenue growth and high single digit for earnings before interest and taxes (EBIT) growth and is allocating RM7.1 billion in capital expenditure (capex) to support the growth....