Axiata wants to list mobile phone towers

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telecom-towerMalaysia’s largest mobile phone operator, Axiata Group, is said to be planning an initial public offering (IPO) of its telecommunication tower assets estimated to be worth up to $500 million, according to a Reuters report.

CIMB Group Holdings and Goldman Sachs Group are involved in the offer, which is expected in late 2014. However, there was no commetn from Axiata so far on the issue.

The proposed IPO adds to the list of offerings expected from Malaysia next year and which include a $1 billion listing of independent power producer Malakoff and an $800 million IPO of property developer Medini Iskandar Malaysia.

Malaysia was the biggest IPO market in the Asia-Pacific excluding Japan last year, hosting two of the world’s biggest listings, the $3.2 billion IPO of Felda Global Ventures Holdings and $2.1 billion listing of IHH Healthcare.

However, in 2013 IPOs at the Bursa Malaysia did not catch up to the success.

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Reading Time: 1 minute

Malaysia’s largest mobile phone operator, Axiata Group, is said to be planning an initial public offering (IPO) of its telecommunication tower assets estimated to be worth up to $500 million, according to a Reuters report.

Reading Time: 1 minute

telecom-towerMalaysia’s largest mobile phone operator, Axiata Group, is said to be planning an initial public offering (IPO) of its telecommunication tower assets estimated to be worth up to $500 million, according to a Reuters report.

CIMB Group Holdings and Goldman Sachs Group are involved in the offer, which is expected in late 2014. However, there was no commetn from Axiata so far on the issue.

The proposed IPO adds to the list of offerings expected from Malaysia next year and which include a $1 billion listing of independent power producer Malakoff and an $800 million IPO of property developer Medini Iskandar Malaysia.

Malaysia was the biggest IPO market in the Asia-Pacific excluding Japan last year, hosting two of the world’s biggest listings, the $3.2 billion IPO of Felda Global Ventures Holdings and $2.1 billion listing of IHH Healthcare.

However, in 2013 IPOs at the Bursa Malaysia did not catch up to the success.

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