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Axiata Group Berhad (6888.KL)
| Previous close | 2.8900 |
| Open | 2.8900 |
| Bid | 2.8300 x 0 |
| Ask | 2.8400 x 0 |
| Day's range | 2.8100 - 2.9000 |
| 52-week range | 2.1600 - 3.1000 |
| Volume | |
| Avg. volume | 6,436,087 |
| Market cap | 25.985B |
| Beta (5Y monthly) | 0.59 |
| PE ratio (TTM) | 40.43 |
| EPS (TTM) | 0.0700 |
| Earnings date | 30 May 2024 |
| Forward dividend & yield | 0.10 (3.46%) |
| Ex-dividend date | 21 Mar 2024 |
| 1y target est | 2.74 |
- Reuters SG
Malaysian telco Axiata to sell Myanmar telco tower business for $150 mln
Malaysian telco conglomerate Axiata Group will dispose of its entire holding in Edotco Myanmar Ltd for $150 million, the company said late on Thursday, in a move signalling its exit from the telco tower business in Myanmar. Axiata said edotco Investments (Labuan) Ltd, a wholly owned subsidiary of its telco tower arm Edotco Group, had agreed to sell its entire 87.5% stake in Edotco Investments Singapore Pte Ltd, the sole shareholder of Edotco Myanmar. "Decision to exit Myanmar was made due to deteriorating macroeconomics and operating environments in Myanmar," Axiata said.
The Edge SingaporeDigilife Technologies not renewing distribution agreement with Indonesian telco XL Axiata
The strategic decision for non-renewal will result in a reduction in overall revenue and profitability for the FY2024.
ReutersAxiata Group exits Nepal operations with Ncell Axiata stake sale
Axiata will sell Ncell, its mobile service unit in Nepal, for a fixed consideration of $50 million. The terms of the deal also include a conditional consideration of a share of distributions based on the future business performance and net distributions declared by Ncell until 2029.
