Explanation of the corporate events: User Manual
Corporate Updates - Bursa Malaysia
2024-12-17
Category: Corporate Updates
Frequency: Daily
Daily compilation of corporate updates and activities on Bursa Malaysia listed companies.
| Date | Company | Major Action | Recent Events |
|---|---|---|---|
| 13 Dec, 2024 | Axiata Group Bhd | Macquarie Asset Management Pty Ltd has submitted a bid to buy Axiata Group Bhd’s telecommunications infrastructure unit, edotco Group Sdn Bhd, in a transaction that could value it at about US$3.5 billion. | Others |
| 8 Oct, 2024 | Axiata Group Berhad | Innovation Network Corp of Japan (INCJ) is reviving the sale of its 21% stake in telecommunications tower company Edotco Group Sdn Bhd. | Others |
| 13 Aug, 2024 | Axiata Group Bhd | 63%-owned tower company, Edotco Group Sdn Bhd, signed MOUs with Malaysia Digital Economy Corporation (MDEC) and Boost Holdings Sdn Bhd to boost Malaysia's digital economy. The MOU with MDEC includes offering advisory services and preferential rates for advanced digital infrastructure, including 4G and 5G connectivity, low-orbit satellites and smart city solutions. | Operation Updates |
| 22 Feb, 2024 | Axiata Group Bhd | edotco Group Sdn Bhd, a 63%-owned subsidiary of Axiata Group Bhd, is seeking a buyer for its telecommunication tower business in Myanmar. | Disposal |
| 27 Jan, 2023 | Perak Transit Bhd | Inked a deal with edotco Malaysia Sdn Bhd's 79%-owned On Site Services Sdn Bhd to provide construction and engineering services to On Site Services for the building of telecommunication towers | Business Venture |
| 8 Sep, 2022 | Axiata Group Bhd | Wireless tower business edotco Group Sdn Bhd is considering a share sale that could raise as much as US$600 million | Disposal |
| 11 Apr, 2022 | Axiata Group Bhd | 63%-owned subsidiary edotco Group Sdn Bhd is in talks with PLDT Inc of the Philippines to acquire a portion of the latter’s telecommunication tower business. The acquisition could be a substantial one with edotco eyeing about 3,000 of PLDT’s 6,000 telecom towers that are up for sale. | Merger & Acquisition |
| 1 Mar, 2022 | Axiata Group Bhd | Subsidiary, edotco Group Sdn Bhd, has acquired 1,000 towers from XL Axiata in a deal valued at about IDR 750 billion. | Merger & Acquisition |
| 8 Dec, 2021 | Axiata Group Bhd | Axiata Group Bhd has extended a US$20 million loan to edotco Sdn Bhd for the 63%-owned subsidiary to inject further capital into its Pakistan operations. The loan agreement signed on Tuesday will have a tenure of 12 months. | Operation Updates |
| 30 Nov, 2021 | Axiata Group Bhd | Axiata Group Bhd’s 63%-owned subsidiary edotco Malaysia Sdn Bhd is acquiring the entire stake of Touch Group Holdings Bhd’s subsidiary Touch Mindscape Sdn Bhd for RM1.7 billion on a debt-free and cash-free basis. Touch Mindscape Sdn Bhd is involved in constructs and leases telecommunication towers to the telcos. | Merger & Acquisition |
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