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Malaysia’s Axiata Hikes Stake In Idea Cellular To 19.98%

Wednesday, August 17, 2011 | More »

Malaysian telecom firm Axiata (formerly known as Telekom Malaysia) has raised its holding in India’s fourth largest telco Idea Cellular to 19.98 per cent by acquiring an additional 0.9 per cent stake through open market purchases in a deal worth Rs 306.69 crore ($67.5 million) earlier this month. ...