PETALING JAYA: Axiata Group Bhd’s Indonesian results came in below expectations in the first quarter of this year, but the group’s regional exposure and focus on emerging countries may deliver better growth potential.
The impending completion of the Celcom Axiata Bhd and Digi.com Bhd merger is also positive for the group as it will allow Axiata to unlock value.
However, the ongoing economic risks of Axiata’s Sri Lankan operations via Dialog in that country and regulatory issues in Nepal are major concerns for the group.
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