Malaysia’s Axiata Group Berhad is planning a $500 million initial public offering (IPO) of its telecom tower assets. CIMB Group Holdings Berhad and Goldman Sachs Group, Inc. are reported to be involved in the IPO process. The listing is expected in late 2014. The proposed IPO is an addition to the list of offerings expected from Malaysia in 2014, including a $1 billion listing of independent power producer Malakoff Berhad.
