KUALA LUMPUR: Axiata Group Bhd's proposal to acquire a 66.03% stake in one of Indonesia's leading providers of high-speed broadband and cable TV could unlock synergies for the telco group.
The group announced in a bourse filing yesterday that it has proposed to acquire PT LInk Net Rbk for IDR8.7 trillion (RM2.5bil) or IDR4,800/share via indirect wholly owned subsidiary Axiata Investments (Indonesia) Sdn Bhd and 61.48%-owned PT XL Axiata Tbk.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!