Khazanah-backed Axiata to exit Myanmar telco tower business for $150m

Khazanah-backed Axiata to exit Myanmar telco tower business for $150m

Photo by Echo Grid on Unsplash.

Malaysian telco conglomerate Axiata Group will dispose of its entire holding in Edotco Myanmar Ltd for $150 million, the company said late on Thursday, in a move signalling its exit from the telco tower business in Myanmar.