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Real Estate

Malaysia's Retirement Fund To Buy Stake In Axiata's Tower Unit For $100M

by posted 1year ago 401 views
<p>Axiata Group, Malaysia&#39;s biggest telecom company by revenue, said Tuesday state-run Retirement Fund Inc has agreed to buy a stake in its tower infrastructure unit edotco Group for $100 million.</p> <p>The pension fund, which manages assets worth over 124 billion ringgit on behalf of Malaysian civil servants, will now join state investment arm Khazanah Nasional and Innovation Network Corporation of Japan as major shareholders of one of the world&#39;s largest tower companies.</p>