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Axiata in talks to buy stake in Tikona

Hot deals: Nimbus gets another suitor Malaysia's leading telco woos broadband player

Axiata, Malaysia’s leading telco operator, is in talks to buy out a stake in broadband wireless access (BWA) operator Tikona Digital Networks Ltd as part of its strategy to increase presence in the Indian telecom sweepstakes. The Malaysian telco which has already picked up a 5.91 per cent stake in Idea Cellular, the country’s fourth largest mobile operator, according to sources is in talks with the key equity stake holders in Tikona. These include Goldman Sachs the largest shareholder, Oak Investment Partners and Everstone Capital Advisors which together hold 70 per cent stake ...