Investors

We are pleased to announce the following agreements entered into by subsidiary companies of edotco Group Sdn Bhd (“edotco”), a 62.4% subsidiary of Axiata today:- 

• Entry by edotco Investments (Labuan) Limited, a wholly owned subsidiary of edotco into a Subscription Agreement with Dawood Hercules Corporation Limited for the subscription of shares in edotco Pakistan (Private) Limited (“edotco PK”), a wholly owned subsidiary of edotco (“Proposed Subscription”); and
• Entry by Tanzanite Tower Private Limited, a  wholly owned subsidiary of edotco into an Agreement for the Subscription, Sale and Purchase of the Shares in Deodar (Private) Limited (“Deodar”) with Pakistan Mobile Communications Limited (“PMCL”) and Deodar, for the subscription of up to 3,569,990,000 ordinary shares of PKR10 each in Deodar and the subsequent acquisition of the remaining nominal amount of shares in the capital of Deodar from PMCL for a total cash consideration of USD940.0 million (equivalent to approximately RM4,012.9 million) (“Proposed Acquisition of Deodar”).

Please refer to the attachment for the full announcement and media statement in relation to the Proposed Subscription and Proposed Acquisition of Deodar.

This announcement is dated 30 August 2017.