Analysts had said Axiata would have to accept the offer unless it was able to find a partner to fund a counterbid since M1 was a non-core asset. The 28.67% stake comprises 265.41 million shares.
KUALA LUMPUR: Axiata Digital Sdn Bhd has entered into an agreement to sell its digital ventures portfolio at a valuation of US$140mil to Singapore-based investment fund, Pegasus 7 Ventures Pte Ltd.
Axiata Digital is the digital services arm of Axiata Group Bhd
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