Axiata Group

Great Eastern Holdings announced that it has entered into a share subscription agreement with Boost Holdings, a fintech company incorporated in Malaysia.

(Sept 30): Its proposed mega merger with Telenor Group is off for now, but Axiata Group remains on the prowl for potential mergers to ensure its survival in the long term, says its president and group CEO Jamaludin Ibrahim.

(Sept 11): The rally in Southeast Asian telecommunications shares this year is unsustainable, given the weaker pace of data revenue growth, according to DBS Bank.

SINGAPORE (July 8): Telecommunications giant Axiata Group is planning a bigger push into the financial services space and is interested in applying for a digital banking licence here, say industry sources.

(Jan 23): A buyout offer for M1 four months ago still doesn’t have the backing of a bulk of shareholders. And yet, Keppel Corp and Singapore Press Holdings have refused to budge on the initial offer price.

SINGAPORE (Sept 28): RHB Research and CGS-CIMB Securities say Keppel Corp and M1's $2.06 per share valuation of M1 is fair.

SINGAPORE (Sept 28): If Axiata rejects the pre-conditional voluntary general offer (VGO) by Keppel and SPH to acquire M1 at $2.06 per share, the deal still goes through as it takes another effective 18% from the market to gain 51%, say analysts.

SINGAPORE (Sept 27): Keppel Corporation and Singapore Press Holdings, through a jointly held offeror Konnectivity, is making a pre-conditional voluntary general offer for M1.

SINGAPORE (Sept 24): Keppel Corp and Singapore Press Holdings (SPH) are considering a potential transaction involving their respective stakes in telco M1.