According to Axiata’s Bursa Malaysia filings, Axiata’s share trade was halted between 9am and 10am on Wednesday in conjunction with the telecommunication towers purchase announcement. "Both SMART and DMPI are part of PLDT Group, Philippines’ largest fully integrated telco company. Axiata said ISOC edotco on Tuesday (April 19, 2022) entered into a sale and purchase agreement with SMART and DMPI for the acquisition of the telecommunication assets. In addition to the proposed leaseback transaction, ISOC edotco will build 750 build-to-suit (BTS) sites for leasing to SMART in the future. Besides helping ISOC edotco establish a platform to accelerate organic and inorganic growth, Axiata said the proposed acquisition of the Philippines telecommunication assets will give ISOC edotco, among others, exposure to a high-growth market.
