Axiata expands tower business in Pakistan

Malaysian telco teams up with local conglomerate Dawood Hercules to acquire 13,000 towers from Pakistan’s leading telecommunications company Jazz.

Malaysian telecom giant Axiata will add 13,000 telecoms towers to its portfolio after agreeing to pay PRs 98.7 billion ($940 million) for the tower business of Pakistan’s largest telecommunications services provider Jazz, extending its reach to the rapidly-growing South Asian nation.

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