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Nikkei Markets

Mitsui to buy strategic stake in Axiata's digital business

Investment to fund growth of digital services of $500m enterprise value

Axiata is among the largest telecom companies in Asia with some 150 million subscribers in Southeast Asia and South Asia.   © Reuters

KUALA LUMPUR (Nikkei Markets) -- Malaysia's Axiata Group said Friday Japanese conglomerate Mitsui & Co is making minority investment into its digital services arm that prices the business at an enterprise value of $500 million.

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