Malaysian telco issues $500m Islamic bond for Myanmar towers investment

Malaysian telecoms giant Axiata Group on November 13 issued a US$500 million Wakala Sukuk, or Islamic bond, to fund its investment into a Myanmar towers business. This is the largest-ever corporate bond issued with proceeds to be invested into a Myanmar towers business, demonstrating considerable investor confidence in the frontier market. Telecoms towers companies have […]

edotco To Acquire Controlling Stake In Digicel’s Myanmar

KUALA LUMPUR, Oct 2 (Bernama) — Axiata Group Bhd’s tower company, edotco Group Sdn Bhd, has entered into a conditional share purchase agreement with Digicel Group Ltd to acquire a controlling stake in Digicel Myanmar Tower Company Ltd (MTC). In a filing to Bursa Malaysia today, Axiata said the transaction was via a Singapore-based holding […]