World News Network, The (WN.com) – ” This deal was supposed to close last year but was stuck with the central bank and the parties kept on extending deadlines, ”

KUALA LUMPUR/ SINGAPORE (Reuters) – A unit of Malaysian telecoms firm Axiata Group has called off a $940 million deal to buy 13,000 telecoms towers in Pakistan after regulators there failed to provide all approvals for the transaction announced a year ago.

Summary

  • ” This deal was supposed to close last year but was stuck with the central bank and the parties kept on extending deadlines, “KUALA LUMPUR/ SINGAPORE (Reuters) – A unit of Malaysian telecoms firm Axiata Group has called off a $940 million deal to buy 13,000 telecoms towers in Pakistan after regulators there failed to provide all approvals for the transaction announced a year ago.
  • DUBAI: Title favourites Pakistan are expected to enjoy a walk in the park here on Sunday (today) at the sun-baked Dubai International Cricket Stadium where they meet…
  • With the mercury threatening to hover around 43 degrees Celsius, the hot weather is expected to be the only real issue that…
  • The News will cover the match live with regular over-by-over updates With the mercury threatening to hover around 43 degrees…
  • The parties have not received all the regulatory approvals required for the transaction and the extended long-stop date of 14…


Read more…