Khazanah Nasional weighing TM-Axiata merger, edotco listing

KUALA LUMPUR: Khazanah Nasional Bhd is open to the merger of Telekom Malaysia Bhd (TM) and Axiata Group Bhd as well as looking to list Axiata's unit edotco, according to its managing director Tan Sri Azman Mokhtar.
"For us, it's about performance. If it makes sense, we're open to merger, but it still depends on the structure and market conditions," he said.
Axiata was formerly a part of TM and demerged in 2008.
Azman said overall Khazanah prefers to list its companies, but there is "no rush" for the listing of edotco.
Edotco is involved in the communications infrastructure solutions and services, with a network of over 13,000 sites in Malaysia, Bangladesh, Cambodia and Sri Lanka as well as 12,000 km fibre network in Pakistan