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☆ Japan's Mitsui to buy 12.7% stake in Axiata's digital and analytics unit
▼ + stars: | 2023-11-02 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Lim Huey Teng/File Photo Acquire Licensing RightsNov 2 (Reuters) - Japanese trading house Mitsui (8031.T) will take a 12.69% stake in Axiata Group's (AXIA.KL) digital and analytics unit, the Malaysian telecommunications conglomerate said on Thursday. Mitsui will invest $58 million in Axiata Digital & Analytics (ADA) through ADA's holding company, Axiata Digital Services. Mitsui's latest investment currently values the digital and analytics firm at $550 million. "Through this additional investment, Mitsui will provide ADA's marketing solutions and data analysis services to Mitsui's important partners and investees to help accelerate their marketing DX efforts," the Japanese firm said. Mitsui will also acquire an additional 16.7% stake in Axiata Digital Services, beefing it up to 20%.

Persons: Lim Huey Teng, Axiata, Rishav Chatterjee, Sonia Cheema Organizations: REUTERS, Mitsui, Axiata, Analytics, Axiata Digital Services, Thomson Locations: Kuala Lumpur, Malaysia, Malaysian, ADA's, Bengaluru

The move comes as global infrastructure funds are pouring huge sums of money to acquire capital-intensive telecom infrastructure assets in Southeast Asia, seeing strong growth opportunities. The sources said discussions are taking place for a minority stake to be sold in the decade-old Edotco, which is 63% owned by Axiata. However, three of the sources said there was a possibility that Axiata could even consider giving majority control in order to secure a deal. The sources said the bulk of the proceeds from the share sales will likely fund Edotco's business expansion. While broader dealmaking activity has fallen sharply over the past year due to weak equity markets and rising interest rates, telecom tower assets have been a bright spot.

☆ Southeast Asia's 5G outlook remains 'bleak' in short term despite tech giant partnership, report says
▼ + stars: | 2022-12-09 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

The Tech Mahindra-Axiata Group Berhad partnership may help accelerate 5G in Southeast Asia but the short-term outlook for the industry is "bleak," Fitch Solutions said in a country risk and industry research report. Last week, Indian IT and consulting giant Tech Mahindra and Malaysian telco conglomerate Axiata Group Berhad inked an agreement to jointly develop and commercialize 5G enterprise solutions in Malaysia, Sri Lanka, Bangladesh, Nepal and Cambodia. "We believe that this is a promising partnership as it combines the capabilities of Tech Mahindra's 5G enterprise solutions with Axiata's expertise in mobile connectivity, network infrastructure and product services," said Fitch Solutions. While 5G has many benefits, the report said it is still in a nascent stage for many Southeast Asian countries. 5G is the fifth generation of cellular networks and is up to 100 times faster than 4G.

☆ Four Malaysian telcos agree to use state 5G network
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: +2 min

[1/2] An advertisement of 5G network by U Mobile carrier is displayed in Kuala Lumpur, Malaysia, September 26, 2022. REUTERS/Hasnoor HussainKUALA LUMPUR, Oct 31 (Reuters) - Four Malaysian mobile operators said on Monday they had agreed to use the government's state-owned 5G network, paving the way for 5G services to be rolled out to customers after months of delayed talks. Celcom Axiata (AXIA.KL), DiGi Telecommunications (DSOM.KL), Telekom Malaysia (DSOM.KL) and U Mobile said on Monday they had signed agreements to access the 5G network run by state agency Digital Nasional Berhad (DNB) for 10 years. In its statement, U Mobile said it would begin making 5G services commercially available to its customers from Thursday. YTL started offering 5G services to its customers last year.

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