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Wireless

Mitsui increases stake in Cambodia's Smart Axiata to 20%

Thursday 19 July 2018 | 11:25 CET | News
Japanese group Mitsui bought another 10 percent in Axiata Group's Cambodian subsidiary Smart Axiata, writes local paper Phnompenpost. The transaction takes the Japanese firm's stake in the operator to 20 percent. The first 10 percent were bought in May 2017 by Mitsui. That stake was valued at USD 66 million, and Mitsui reserved the right to purchase another 10 percent of the firm within a year.

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Categories: Mobile & Wireless
Companies: Axiata
Countries: Cambodia / Japan
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