Axiata Group

Deals, joint ventures & alliances

Great Eastern Holdings buys 21.9% stake in Axiata's Boost Holdings for $97 mil

Great Eastern Holdings announced that it has entered into a share subscription agreement with Boost Holdings, a fintech company incorporated in Malaysia.


Axiata still thirsts for M&A, may find smaller-scale deals

(Sept 30): Its proposed mega merger with Telenor Group is off for now, but Axiata Group remains on the prowl for potential mergers to ensure its survival in the long term, says its president and group CEO Jamaludin Ibrahim.

Broker's Calls

Southeast Asia's telecom sector rally could end soon, DBS says

(Sept 11): The rally in Southeast Asian telecommunications shares this year is unsustainable, given the weaker pace of data revenue growth, according to DBS Bank.


Telecoms giant Axiata eyes digital banking licence

SINGAPORE (July 8): Telecommunications giant Axiata Group is planning a bigger push into the financial services space and is interested in applying for a digital banking licence here, say industry sources.


M1 deal hangs in balance as Keppel, SPH stand ground

(Jan 23): A buyout offer for M1 four months ago still doesn’t have the backing of a bulk of shareholders. And yet, Keppel Corp and Singapore Press Holdings have refused to budge on the initial offer price.


Decent offer for M1 minority shareholders but will Axiata bite?

SINGAPORE (Sept 28): RHB Research and CGS-CIMB Securities say Keppel Corp and M1's $2.06 per share valuation of M1 is fair.

Broker's Calls

Privatisation of Keppel T&T at $1.91 highly likely to go through

SINGAPORE (Sept 28): If Axiata rejects the pre-conditional voluntary general offer (VGO) by Keppel and SPH to acquire M1 at $2.06 per share, the deal still goes through as it takes another effective 18% from the market to gain 51%, say analysts.


SPH and Keppel in $2.06/share offer to privatise M1; Keppel seeking to privatise Keppel T&T with $1.91/share offer

SINGAPORE (Sept 27): Keppel Corporation and Singapore Press Holdings, through a jointly held offeror Konnectivity, is making a pre-conditional voluntary general offer for M1.

Keppel T&T, SPH mulling potential transaction involving respective M1 stakes

SINGAPORE (Sept 24): Keppel Corp and Singapore Press Holdings (SPH) are considering a potential transaction involving their respective stakes in telco M1.