Malaysia's Edotco, backers in talks for likely $1.2b stake sales

Malaysia's Edotco, backers in talks for likely $1.2b stake sales

FILE PHOTO: A general view of the Axiata headquarters building in Kuala Lumpur, Malaysia, October 1, 2019. REUTERS/Lim Huey Teng

Asia-focused telecoms tower firm Edotco Group, its Malaysian parent Axiata, and a Japanese backer are in talks with investors for stake sales, in a deal that could raise about $1.2 billion, four sources familiar with the matter said.