Axiata plans acquisitions in Bangladesh, Sri Lanka & Cambodia

www.WirelessFederation.com/news: Axiata, the mobile operator group, is planning and looking for acquisitions in Bangladesh, Cambodia and Sri Lanka, to boost profitability. The global economic recession called for review of its operations in the above mentioned three nations and now the company plans to consolidate its position in these markets, CFO Yusof Annuar Yaacob reportedly said. Axiata also intends to move out from Pakistan, where the Group operates has a fibre optic network which is too small.