Axiata and shareholders won’t sell M1 stakes


The group told the stock exchange yesterday that the three parties, which collectively own over 61% in M1, had decided not to proceed further with the strategic review on their respective shareholdings

PETALING JAYA: Axiata Group Bhd, along with two other substantial shareholders of M1 Ltd, have decided against the sale of their respective stakes in the Singapore wireless carrier.

The group told the stock exchange yesterday that the three parties, which collectively own over 61% in M1, had decided not to proceed further with the strategic review on their respective shareholdings.

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