Axiata in talks for stake in CVC-backed Link Net

Discussions are progressing among Axiata and the potential sellers, private equity firm CVC Capital Partners and PT First Media, an arm of the billionaire Riady family’s Lippo Group conglomerate, the sources said.

KUALA LUMPUR: Axiata Group Bhd, Malaysia’s biggest wireless carrier, is in advanced talks to buy a stake in Indonesian Internet provider PT Link Net, according to sources.

Discussions are progressing among Axiata and the potential sellers, private equity firm CVC Capital Partners and PT First Media, an arm of the billionaire Riady family’s Lippo Group conglomerate, the sources said.