KUALA LUMPUR: Axiata Group Bhd
’s 66.5%-owned subsidiary, PT XL Axiata Tbk, is acquiring PT Axis Telekom Indonesia for US$100 (about RM321) cash and would procure the repayment of about US$865mil (RM2.8bil) of Axis’ indebtedness, collectively as consideration.
Axiata, in a filing with Bursa Malaysia yesterday, said under the sale and purchase agreement, Teleglobal Investments B.V, a wholly-owned subsidiary of Saudi Telecom Company, would sell the entire issued share capital of Axis.
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