Axiata Group

Axiata Group laid out plans to position its two operating units in Indonesia as a converged service company and a specialist wholesale fibre company, with the goal of improving joint asset utilisation and operating efficiencies.

As many as four potential buyers were shortlisted to take a stake in Malaysia-based Axiata Group’s tower business edotco, in a sale with the potential to raise as much as $750 million, Bloomberg reported.

Axiata Group named Vivek Sood (pictured) as its new group CEO and MD, and announced the appointment of Hans Wijayasuriya as group executive director and CEO of its Telco Business, after both served as interim co-CEOs.

Axiata Group highlighted a strong underlying performance across most regional markets after earnings exceeded guidance in 2022, aided by lower capex and continued cost management.

Axiata Group dropped into the red in Q3, as a strengthening US dollar led to significant forex losses at many of its operating companies, offsetting revenue gains in its key Malaysia and Indonesia markets and infrastructure unit.

LIVE FROM HUAWEI MBB FORUM, BANGKOK: Thomas Hundt, chief strategy and technology officer at Axiata Group (pictured), outlined the company’s efforts to reduce operating costs, as it grapples with the challenge of managing rising capex.

Dialog Axiata committed to invest $152. 4 million on ICT infrastructure to accelerate Sri Lanka’s digital nation ambitions by providing more reliable and cost-effective connectivity. The operator signed agreements with the Board of Investment (BoI) of Sri Lanka to invest $112.