10 July 2009

Axiata, second largest mobile operator in Southeast Asia may bid for Millicom Assets in Cambodia and Sri Lanka

By Soraya Permatasari, 8th July 2009, Bloomberg

Axiata Group Bhd., Southeast Asia’s second-largest mobile-phone operator, is considering an offer for Millicom International Cellular SA’s assets in Cambodia and Sri Lanka, according to two people with knowledge of the matter.

The Kuala Lumpur-based company may bid as much as $500 million for Millicom’s stake in its Cambodian unit and $200 million for the Sri Lankan operations, one of two people with knowledge of the plan said yesterday, asking to not be identified because the discussions are private.

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