Merger synergies fuel Axiata’s growth outlook


PETALING JAYA: Analysts expect Axiata Group Bhd to deliver stronger quarters ahead, supported by improved contributions from XLSmart Telecom as merger synergies progressively ramp up and flow through into earnings.

Additionally, Kenanga Research noted that the telecommunications company’s (telco) digital ventures and TowerCo operations in emerging markets such as Bangladesh, Sri Lanka and Cambodia present growth opportunities.

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