Axiata Group Bhd’s digital service arm, Axiata Digital Sdn Bhd has established US$500 million valuations for its digital core businesses with Japanese based Mitsui & Co Ltd.
The core digital businesses include an e-wallet service; Boost, the largest independent digital agency; ada (rpt. ada), and global platform provider Apigate.
Axiata Digital chief executive officer Mohd Khairil Abdullah said Mitsui & Co would become a strategic shareholder and business partner at Axiata Digital’s core business verticals.
“The funds raised will be earmarked to fuel the next phase of growth for AD’ core businesses,” he told reporters after the signing ceremony between Axiata Digital and Mitsui & Co.
Source: http://www.bernama.com/en/general/news.php?id=1722722