Which assets besides Edotco are in Axiata’s monetisation pathway?

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Axiata Group Bhd is evaluating the monetisation of LinkNet and its digital telecommunications businesses.

Axiata Group Bhd is actively exploring monetisation pathways for several of its portfolio assets as part of a broader strategy to realise value. Beyond its well-known tower unit, Edotco, the group’s focus for potential monetisation also extends to LinkNet and its various digital telecommunications businesses. This strategic review aims to enhance the company's overall financial standing and shareholder value.
LinkNet and Digital Telco Businesses Under Review

The value realisation efforts at Axiata encompass more than just the tower infrastructure managed by Edotco. Specifically, LinkNet, an internet service provider, and the group's collection of digital telecommunications ventures are being assessed for potential monetisation. These evaluations are part of an ongoing process to identify and execute opportunities for value creation from these specific segments of Axiata's diverse portfolio.
Deleveraging as a Primary Objective

A significant driver behind the planned monetisation exercises is the imperative to reduce holding company debt. Axiata has consistently prioritised deleveraging, and the potential sale or restructuring of assets like LinkNet and digital telco businesses is intended to directly contribute to this goal. This strategy is expected to not only strengthen Axiata's balance sheet but also free up cash flows.
Planned Monetisation in 2026 to Reduce Debt

The group has specifically indicated that planned monetisation exercises involving its tower assets and LinkNet in 2026 are anticipated to further bolster Axiata's balance sheet. By reducing holding company debt through these initiatives, Axiata anticipates a substantial decrease in its debt servicing costs. This reduction in financial burden is seen as crucial for improving the translation of dividend flows from its operating companies back to shareholders.
Synergies Expected from 2027 Onwards

In addition to asset monetisation, Axiata is also focused on integration and synergy realisation in Malaysia and Indonesia. The company projects run-rate savings of approximately RM700 million to RM800 million in Malaysia and US$300 million to US$400 million in cost synergies from Indonesia, commencing from 2027. These synergies are expected to contribute positively to earnings and potentially increase dividend flows from these markets.

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Which assets besides Edotco are in Axiata’s monetisation pathway?

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