Malaysia-based Axiata plans to sell 20% stake in Idea Cellular: Report
Malaysia-based Axiata, the owner of 20% stake in Idea Cellular, is reportedly planning to sell its share in the country’s third largest telecom operator, following concerns over the telco’s “subdued” valuation. According to a report in ET, Axiata believes Idea Cellular’s valuation will remain subdued for at least the next three years due to the pricing onslaught stem from the entry of Mukesh Ambani’s Reliance Jio Infocomm. Axiata has informally... Read More
