Axiata wants to list mobile phone towers

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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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. 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...

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.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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