Axiata Signals Interest in Raising Stake in Singapore’s M1

Updated on
  • CEO says higher stake would be strategically ‘good’ for Axiata
  • Singapore’s Temasek said to have weighed sale of M1 stake

Axiata Group Bhd. Chief Executive Officer Jamaludin Ibrahim signaled Malaysia’s biggest mobile-phone operator would be interested in raising its stake in Singapore’s M1 Ltd. as part of plans to turn the company into a bigger regional carrier.

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