Axiata not in talks with Singapore's M1 to raise stake

Managing Director and CEO of Axiata Group Berhad Tan Sri Jamaludin Ibrahim announcing the 2nd quarter 2016 financial results media briefing at Axiata tower in Kuala Lumpur.

PETALING JAYA: Axiata Group Bhd is not in any negotiation to raise the regional telecommunication firm’s stake in Singapore’s M1 Ltd.

This was confirmed to StarBiz by Axiata president and group chief executive officer Tan Sri Jamaludin Ibrahim (pic). Axiata has a 28.57% stake in M1 which provides both fixed and mobile telecommunication services in the island republic.