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Axiata Group Bhd Plans $500 Million Tower Assets IPO-Reuters


Monday, 26 Aug 2013 12:57am EDT 

Reuters reported that Axiata Group Bhd is planning an Initial Public Offering (IPO) of its telecommunication tower assets estimated to be worth up to $500 million. CIMB Group Holdings Bhd and Goldman Sachs Group Inc are involved in the offer, which is expected late next year. Axiata officials were not immediately available for comment.