New Street Research - Axiata Group Bhd. (6888) Axiata (Buy, RM 4.5, +98%) Reports that Axiata is looking to sell LinkNet suggests restructuring is becoming more significant, and could spark a meaningful share price recovery.

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New Street Research

Chris Hoare

EUR 9568.00 For Business Accounts Only

Axiata (Buy, RM 4.5, +98%) Reports that Axiata is looking to sell LinkNet suggests restructuring is becoming more significant, and could spark a meaningful share price recovery.

TMT Finance Asia reports that Axiata is inviting offers for up to 100% of LinkNet, its Indonesian home broadband fibre business. This follows earlier rumours that the company is considering selling its stake in Edotco, its Asian Towers asset either in whole or in part. The other large Asian portfolio telco, Singtel, has performed well since starting the process of restructuring/asset sales, and we believe Axiata may be at the start of this process too.

17/01/2025 1 EN

Underlying

Axiata Group Bhd.

Axiata Group is an investment holding company. Co. is engaged in the provision of mobile communication services and network transmission related services. Co.'s principal activities are investment holding and provision of technical and management services. The principal activities of Co.'s subsidiaries are mainly the provision of mobile communication services and network transmission related services. Co. provides mobile services, leasing of passive infrastructure, and others such as provision of interconnect services, leased services, pay television transmission services and provision of other data services. Co. operates within Malaysia, Indonesia, Bangladesh, Sri Lanka.

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MYL6888OO001 Malaysian Exchange Malaysia

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Chris Hoare

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Axiata (Buy, RM 4.5, +98%) Reports that Axiata is looking to sell LinkNet suggests restructuring is becoming more significant, and could spark a meaningful share price recovery.

Axiata (Buy, RM 4.5, +92%) Our takeaway from Investor Day 2025; Shares look to have finally bottomed

Axiata Group Berhad - September 2024 (LTM): Peer Snapshot

Meta Platforms (META, Buy, raising target to $685 from $665) #1 Question this Q: 2025 Expense & Capex Guidance

Carr (Predictably) Overturns Rosenworcel’s Media Orders, With One (Predictable) Exception

Stargate: Big thinking on the future of AI Infrastructure.

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