Axiata Is Said to Seek Buyers for $700 Million of Holdings

Updated on
  • Malaysia’s bigest wireless carrier raising funds to cut debt
  • Axiata to cut stakes in Indonesia, Sri Lanka, Cambodia units

Axiata Group Bhd., Malaysia’s biggest mobile-phone operator, is seeking to trim stakes in some of its overseas operations in deals that could raise as much as $700 million, people familiar with the matter said.

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