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Axiata, DiGi network sharing to save cash

Axiata Group Bhd and DiGi.Com Bhd rose after ECM Libra Capital Sdn Bhd said their plan to share mobile-phone network infrastructure will reap “significant” savings on capital expenditure and free up cash for dividends.

Shares of Axiata climbed 2.7 per cent to RM3.87 at 9:41 am local time in Kuala Lumpur, set for its steepest gain since May 7.  The stock is the best performer on the Malaysian benchmark stock index today. DiGi added 0.7 per cent to RM22.74. - Bloomberg

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