Axiata looking to expand tower assets in India

Slower growth: Idea Cellular, which has 176 million subscribers in India, said the mobile sector continued to grow in single digits unlike last year when the sector posted a double digit growth. — Reuters

NEW DELHI: Malaysian telecommunications group Axiata Sdn Bhd is looking at buying a stake in Indian tower assets to grow its presence in the country, an Indian business newspaper reported.

Axiata owns about 20% of Indian telecom services provider, Idea Cellular, which is merging with Vodafone India to create the country’s biggest mobile network with about 390 million combined subscribers.