Axiata Group, Malaysia’s biggest mobile-phone operator, is seeking to trim stakes in some of its overseas operations in deals that could raise as much as $700 million.
The Kuala Lumpur based company is seeking a buyer for about 11 percent of Indonesian unit PT XL Axiata, which has a market value of $2.2 billion, according to the people.
It is also selling as much as 30 percent each of listed Sri Lanka unit Dialog Axiata Plc and closely held Cambodian subsidiary Smart Axiata sources said, asking not to be identified because the information is private.
The Kuala Lumpur based company is seeking a buyer for about 11 percent of Indonesian unit PT XL Axiata, which has a market value of $2.2 billion, according to the people.
It is also selling as much as 30 percent each of listed Sri Lanka unit Dialog Axiata Plc and closely held Cambodian subsidiary Smart Axiata sources said, asking not to be identified because the information is private.
www.dailynews.lk
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