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Axiata looking to sell subsidiaries stakes to cut down debt

Connectivity BusinessbyConnectivity Business
September 13, 2016
in Investments, Space Services
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Malaysian telco Axiata Group is reportedly looking to reduce stakes in some of its operations in Indonesia, Sri Lanka and Cambodia, to raise as much as US$700m and help pay down its MR23.4bn (US$5.7bn) debt, which has more than doubled in the last year.  Malaysian telco Axiata Group (KLS:AXIATA) is reportedly looking to reduce stakes in some of its operations in […]

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