Bigger is deemed better

FOR a company that was carved out of TELEKOM MALAYSIA BHD (TM), much was expected from Axiata Group Bhd.

Its operating companies (opcos) offered growth to its investors and a regional footprint most companies would crave for. But that did not turn out the way it was envisaged. The reality is that the cellular communications business has taken a U-turn from its initial optimism.

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