Top Malaysian Phone Firm Is Said to Seek Adviser for Edotco Sale
The owners of Edotco Group Sdn. are seeking a financial adviser to help with a sale that could value the Malaysian telecommunication tower company at about $3 billion including debt, people familiar with the matter said.
Axiata Group Bhd. and Malaysian sovereign wealth fund Khazanah Nasional Bhd. have asked investment banks to submit proposals to work on a potential sale of Edotco, according to the people, who asked not to be identified because the information is private.
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