Trading In Axiata Suspended On Acquisition News

Shares in Axiata Group Berhad have been suspended pending news that ISOC edotco Towers a wholly-owned subsidiary of edotco Group Sdn Bhd which in turn is a 63.0% owned subsidiary of Axiata, had entered into a Sale and Purchase
Agreement with Smart Communications, Inc. and Digitel Mobile Philippines, Inc. for the acquisition of all of 2,973 telecom towers and related assets in the Philippines for a total purchase of RM3.42 billion.

Another big news pending is the merger announcement between Digi and Celcom, Axiata shares have been active with buy calls from trading houses.

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