Monday, 28 May 2018

Axiata spends close to $1bn on Pakistan towers

By Mary Lennighan, Total Telecom
Wednesday 30 August 17

Malaysian company further builds up its towers portfolio as Veon sheds more assets.

Malaysia's Axiata on Wednesday announced that it has brokered a deal to acquire 13,000 telecoms towers from Pakistan Mobile Communications Ltd (PMCL), strengthening its position as a multi-national towers operator. The telco has partnered with Pakistani investment conglomerate Dawood Hercules Corp on the deal. Together the pair have agreed to pay US$940 million for Deodar, PMCL's towers subsidiary. They will fund the deal through a combination of $600 million in external local debt and an equity split of $174 million from Axiata's edotco business and $166 million by Dawood Hercules…

Malaysia's Axiata on Wednesday announced that it has brokered a deal to acquire 13,000 telecoms towers from Pakistan Mobile Communications Ltd (PMCL), strengthening its position as a multi-national towers operator. The telco has partnered with Pakistani investment conglomerate Dawood Hercules Corp on the deal. Together the pair have agreed to pay US$940 million for Deodar, PMCL's towers subsidiary. They will fund the deal through a combination of $600 million in external local debt and an equity split of $174 million from Axiata's edotco business and $166 million by Dawood Hercules…

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