Deals
Axiata Nears $1 Billion Deal for Veon Pakistan Towers
- Potential deal is said to value wireless towers at $1 billion
- Malaysian carrier’s Edotco unit could announce deal this week
The Axiata headquarters in Kuala Lumpur.
Photographer: Charles Pertwee/BloombergThis article is for subscribers only.
Veon Ltd. is in advanced talks to sell wireless towers in Pakistan to a unit of Axiata Group Bhd., the biggest Malaysian mobile operator.
Axiata’s infrastructure arm, Edotco Group Sdn., plans to announce an agreement as soon as this week that could value the towers at about $1 billion, people familiar with the matter said. The purchase of about 13,000 towers will make Edotco the biggest independent telecommunications tower operator in the South Asian nation, one of the people said, asking not to be identified because the information is private.