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Axiata not looking to change stake in Idea

Dismisses media reports

Reuters  |  Mumbai 

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

"We are happy with the status quo," Axiata Group Chief Financial Officer 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.

Axiata not looking to change stake in Idea

Dismisses media reports

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.

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

"We are happy with the status quo," Axiata Group Chief Financial Officer 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.

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