Axiata plans to list telco tower assets


KUALA LUMPUR: Axiata Group Bhd is looking into the possibility of listing its telecommunications towers which could enable it to raise about US$500mil, according to Bloomberg.

The wire report said on Monday the telco was working with CIMB Group Holdings Bhd., Goldman Sachs Group Inc. and JPMorgan Chase & Co. on the IPO, which may take place next year in Kuala Lumpur.

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