JAKARTA: The Indonesian government has indicated that it will give formal approval to Malaysian telecommunication operator, Axiata Group Bhd
, to own a stake in PT Axis Telekom Indonesia later this year.
The Communications and Information Ministry has given initial approval for the acquisition of Axis, a majority of which is owned by Saudi Telecom Co and Axiata Group through its Indonesian unit, PT XL Axiata – Indonesia’s third largest mobile-phone operator.
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