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    HomeNewsBusinessCompaniesAxiata not looking to change stake in Idea

    Axiata not looking to change stake in Idea

    Malaysia's Axiata Group Bhd, which owns about a fifth of Indian mobile phone carrier Idea Cellular Ltd, is not looking at increasing or cutting its stake in the Indian company, a senior Axiata executive said on Thursday.

    October 18, 2012 / 17:52 IST

    Malaysia's Axiata Group Bhd, which owns about a fifth of Indian mobile phone carrier Idea Cellular Ltd, is not looking at increasing or cutting its stake in the Indian company, a senior Axiata executive said on Thursday.


    Also Read: Bharti Airtel, Idea hit by 900 mega hertz concerns


    "We are happy with the status quo," Axiata Group Chief Financial Officer James Maclaurin told Reuters on the sidelines of an event in Mumbai.

    Indian media reported last month Axiata was looking to raise its stake in Idea. Earlier this year, a media report said Axiata might be looking to sell part of the stake.

    first published: Oct 18, 2012 02:02 pm

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