Summary of tower industry news across Asia
Regional: Axiata reignites edotco’s IPO talks
Various news outlets including Bloomberg announced that Axiata is re-evaluating a potential IPO of edotco. According to Bloomberg: “Axiata aims to list the unit in Kuala Lumpur as soon as this year and may seek a valuation of around US$2.5bn for the company.”
Regional: Telenor being pushed to spin off its towers
Constructive Capital, an activist investor in Telenor, is pushing the MNO to spin off its telecom tower portfolio. According to the investor, the move would increase the MNO’s share price by as much as 84% as well as reduce its debt.