Axiata shares rise on M1 takeover offer by SPH, Keppel


The Kuala Lumpur-based company has been speaking to potential advisers to explore a domestic listing of Edotco Group Sdn Bhd that could take place as soon as this year, according to the people.

KUALA LUMPUR: Shares of Axiata Group Bhd continued to gain traction on news that it is open to considering any offer for its stake in Singapore wireless operator M1 Ltd.

The telco rose 1.9%, or nine sen to RM4.84 in early trade Thursday with over 1.8 million shares done.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Axiata

Next In Business News

Trading ideas: IJM, Perak Corp, Kuchai, Favelle Favco, Reservoir Link, OpenSys, Teladan, PJBumi, AirAsia X, M&A Equity, Alliance Bank
AI boom deepens� global memory crunch�
Mixed outlook for Swift Haulage earnings potential
Product growth to enhance Farm Fresh valuation
Japan bonds slump as food tax cut talk adds to election risk
EU weaponising US assets a risk, Deutsche Bank’s Saravelos says
Growing market liquidity poised to buoy Nestle�
Gold and silver jump to record highs on Greenland tariff threats
Major Vietnam real estate firms delay bond interest payments
Advance GDP signals stronger end to 2025

Others Also Read