Axiata rating not affected by Hello merger with Smart
Standard & Poor’s said Friday that its rating and outlook on Malaysia’s Axiata Group Bhd was not affected by its acquisition of Latelz Co Ltd. “We do not expect the acquisition to significantly affect Axiata’s operating and financial performances,” the international rating agency said in a statement. … “We anticipate that the acquisition will strengthen Axiata’s competitive position in the Cambodian telecom market by making the company the second-largest player with a market share of about 35 percent,” it said. …
