KUALA LUMPUR: Axiata Group Bhd’s potential acquisition of a 66.03% stake in PT Link Net Tbk would allow its 66.48% subsidiary PT XL Axiata Tbk (XL) to capture a meaningful share of the Indonesian fixed broadband market.
Last week, Axiata said that the group and XL had entered into a non-binding term sheet with Asia Link Dewa Pte Ltd and PT First Media Tbk to facilitate discussions and negotiations for the acquisition.
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