PETALING JAYA: The divestment of telecoms tower operator Edotco Myanmar Ltd, although at a huge loss, is still a positive for Axiata Group Bhd
as continued exposure to a military-led regime would have posed risks, analysts say.
More importantly, the exit may pave the way for renewed interest from strategic or financial investors in other assets within Axiata’s portfolio, such as Edotco Group Sdn Bhd, PT Link Net Tbk in Indonesia, financial technology arm Boost Holdings Sdn Bhd, and artificial intelligence and data company ADA Asia Malaysia Sdn Bhd, said Kenanga Research.
