AKTEL IPO possible in 2010
Thursday, Apr 23, 2009
Axiata Group, formerly known as TM International, may float its Bangladeshi mobile unit AKTEL on the stock market by the end of 2010 or when market conditions stabilise, according to The Malaysian Insider. The Malaysian group previously aimed to hold an IPO of AKTEL’s shares on the Dhaka bourse last year, but the ongoing world financial crisis forced it to postpone the plan. Axiata CEO Jamaludin Ibrahim was quoted as saying: ‘I doubt it will happen this year, but we are still looking at it... It will probably happen in the next year or two.
Source: TeleGeography
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