Acquisitions brighten Axiata outlook

“Other potential corporate exercises that may unlock values include tower asset and digital businesses listings,” says HLIB Research.

PETALING JAYA: The outlook for Axiata Group Bhd remains positive, supported by the improving momentum of the telco’s operating companies (OpCos).

Following an encouraging result, with its year-to-date core earnings exceeding market expectations, Axiata received an upgrade in the target prices for its shares.