Axiata seen unlikely to pursue merger


“Axiata now appears unlikely to pursue a group-level deal, and will seek instead to offload stakes in its international units as it strives to free up cash to fund its digitisation efforts, ” Fitch Solutions said.

PETALING JAYA: Axiata Group Bhd is not expected to pursue any group level merger at this time, and will instead seek to monetise stakes to free funds to invest into its digitisation agenda, according to Fitch Solutions.

In a report yesterday, Fitch Solutions said portfolio optimisation will be a key focus for Axiata, especially so after its failed merger with Telenor’s Asia operations.

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Axiata , Telenor , pursue , merger , digitalisation ,

   

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