INCJ bought the shares from Edotco parent company Axiata Group Bhd for US$400mil via a private placement in 2017, according to a press statement on edotco’s website.
KUALA LUMPUR: Innovation Network Corp of Japan (INCJ) is considering selling its stake in a Malaysia telecommunications tower company in a deal that could be worth US$500mil, according to sources.
The state-backed private equity firm has hired an adviser to help with the potential stake sale in edotco Group Sdn Bhd, said the sources.
INCJ bought the shares from Edotco parent company Axiata Group Bhd
for US$400mil via a private placement in 2017, according to a press statement on edotco’s website.
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